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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

Gett, 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

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

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

References

  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.