Chalo Mobility Services buys shared-mobility startup Vogo in no cash payment deal
Chalo Mobility Services has bought two-wheeler shared-mobility startup Vogo. The deal did not involve any cash payment. Chalo Mobility Services, which operates a mobile app that allows users to track buses between cities and book tickets online, announced on Monday that it had acquired Vogo, a two-wheeler shared-mobility business, in a consolidation move. The acquisition plan was announced on November 13, 2021. According to a source familiar with the situation, it was a stock transaction with no cash consideration. Chalo stated that Vogo will complement Chalo's bus technology offerings by providing first- and last-mile trips at major bus stations and other public locations. "This would enable lakhs of bus users to quickly get to and from bus stops, and will further improve bus ridership as taking a bus becomes more comfortable," Chalo said in a statement. As a result of this acquisition, Vogo is transitioning to electric cars across its fleet and wi...