The scooter rental service is set to raise up to $7m in a round co-led by Ola, Stellaris Venture Partners and Matrix Partners India.

India-based scooter sharing platform Vogo is set to raise $5m to $7m in a funding round co-led by ride hailing service Ola, the Economic Times has reported.

Venture capital firms Stellaris Venture Partners and Matrix Partners India will co-lead the round with Ola, two sources familiar with the matter told ET, though none of the companies have so far confirmed the round.

Founded in 2015, Vogo runs a pay-as-you-go rental service for motorised scooters that is powered by an app…

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