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Gett

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GT GETTAXI (UK) LIMITED
FormerlyGetTaxi (in Israel)
Company typePrivate
Industry
FoundedNovember 1, 2010; 13 years ago (2010-11-01)
FoundersDave Waiser
HeadquartersLondon
Area served
Israel, United Kingdom, Europe
Key people
Matteo De Renzi (CEO)
Products
Services
Revenue$ 166 million (2020)
Number of employees
773 (2020)
Websitegett.com
Gett's Tel Aviv development center

GT GETTAXI (UK) LIMITED, commonly referred to as Gett and previously known as GetTaxi, is an Israeli B2B Ground Transportation Management (GTM) platform and marketplace,[1][2] and B2C ride-hailing app headquartered in London, and owned by GT GetTaxi (UK) Limited [3]

In May 2024, it was reported that Pango will purchase the "Gett" transportation service application at a price of approximately 175 million dollars.[4]

History

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GetTaxi was founded by Israeli entrepreneurs Shahar Waiser and Roi More. In the summer of 2009, Waiser came up with the idea during a thirty-minute wait for a taxi to the airport in Palo Alto, California. GetTaxi's beta version in Hebrew started operating in Tel Aviv two years later, in the summer of 2011,[5] and the service was launched in London in August 2011.[6]

In March 2012, GetTaxi branched out to Moscow,[7][8] and opened its first United States offices in New York City.[9] In May 2016, the Volkswagen Group invested $300 million in Gett.[10]

In 2017 Gett acquired Juno, a ride-hailing company primarily operating in New York City.[11] Gett sold Juno in November 2019 in an agreement with Lyft, that saw Gett form a partnership with Lyft.[12]

Gett's marketplace model saw further partnerships with Ola in 2020,[13] and Curb Mobility in 2021.[14]

In May 2024, Pango announced its acquisition of Gett and its operations in Israel and internationally for $175 million. The deal is subject to the approval of the Competition Commissioner.[1]

Strategic partnership with the Volkswagen Group

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In May 2016, Volkswagen Group announced that it would invest $300 million in Gett,[15] allowing the company to grow its operations across European markets, as well as marking the first foray into the mobility space by the Volkswagen Group.[10]

See also

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References

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  1. ^ "Gett company". Bloomberg.
  2. ^ "Gett company profile". gett.com. Retrieved June 28, 2022.
  3. ^ "GT GETTAXI (UK) LIMITED overview - Find and update company information - GOV.UK". find-and-update.company-information.service.gov.uk. Retrieved June 28, 2022.
  4. ^ חזני, גולן; כלכליסט (May 9, 2024). "העסקה נחתמה - פנגו רכשה את גט תמורת 175 מיליון דולר". Ynet (in Hebrew). Retrieved May 10, 2024.
  5. ^ Shalita, Hen, Hayut, Ilanit (February 16, 2012). "The Startups are killing Taxi Services". Globes. Archived from the original on May 1, 2012.{{cite news}}: CS1 maint: multiple names: authors list (link)
  6. ^ Lacy, Sarah (July 11, 2011). "Get Taxi Launching in London". TechCrunch.
  7. ^ Gilbert, Trevor (March 1, 2012). "Moscow, Meet GetTaxi. GetTaxi, Moscow". pandodaily. Archived from the original on June 20, 2012. Retrieved July 4, 2012.
  8. ^ Taxi app development explained, archived from the original on March 4, 2016, retrieved February 27, 2015
  9. ^ Fitzpatrick, Alex (June 7, 2012). "This App Will Revolutionize the NYC Taxi Experience". Mashable.
  10. ^ a b Volkswagen Group announces a strategic partnership with on-demand mobility provider Gett
  11. ^ "On-demand ride service Gett confirms acquisition of Juno for $200M". TechCrunch. April 26, 2017. Retrieved May 17, 2021.
  12. ^ "Gett Shuts Down Juno, Announces Collaboration With Lyft | Ctech". m.calcalistech.com. Retrieved May 17, 2021.
  13. ^ "Ride-hailing firms Gett and Ola sign corporate partnership". CityAM. August 6, 2020. Retrieved May 17, 2021.
  14. ^ "Gett inks deal with Curb Mobility to bring yellow cabs to its enterprise-focused on-demand ride-hailing app". TechCrunch. April 18, 2021. Retrieved May 17, 2021.
  15. ^ "VW invests $300M in Uber rival Gett in new ride-sharing partnership". TechCrunch. May 24, 2016. Retrieved May 17, 2021.