Gett
FormerlyGetTaxi (in Israel)
TypePrivate
Industry
FoundedNovember 1, 2010; 10 years ago (2010-11-01)
FoundersDave Waiser
HeadquartersLondon
Area served
Israel, Russia, United States, United Kingdom, Europe
Key people
Shahar Waiser CEO
Products
Services
Revenue$ 166 million (2020)
Number of employees
773 (2020)
Websitegett.com
Gett's Tel Aviv development center
Gett's Tel Aviv development center

Gett, previously known as GetTaxi, is a technology platform solely focused on corporate Ground Transportation Management (GTM),[1] a market worth $79.6B globally.[2]

Gett is the GTM category leader, serving a quarter of the Fortune 500 companies.

Their cloud-based software aggregates existing transportation providers into a single platform, helping businesses manage all of their ground transportation spend. Additionally, they expand companies’ coverage and reach by connecting them to a grid of transportation providers.  

Gett organises corporate fleet, taxi, ride-hailing and limo providers on one platform, optimising the entire employee experience, from booking and riding to invoicing and analytics, saving businesses both time and money.

Founded in 2010 and headquartered in London, Gett has raised more than $750M in funding to date, from Pelham Capital, Access Industries, Vostok New Ventures Global, Rakuten, MCI Capital and others, including $300M+ from the Volkswagen Group. It employs over 800 employees globally.

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 and two years later, in the summer of 2011,[3] and the service was launched in London in August 2011.[4]

In March 2012, GetTaxi branched out to Moscow,[5][6] and opened their first USA offices in New York City. Mashable predicted "This App Will Revolutionize the NYC Taxi Experience".[7]

By June 2012, the company had raised US$30 million, including $9 million more from British-based American billionaire industrialist Len Blavatnik's Access Industries Fund, to facilitate GetTaxi's entry into New York City as well as other U.S. markets. In August 2014, the company raised a $25 million investment from Vostok Nafta Investments.[8]

In May 2016, the Volkswagen Group invested $300m in Gett[9]

In 2017 Gett acquired Juno, a ride-hailing company primarily operating in New York City.[10] Gett sold Juno in November 2019 in an agreement with Lyft, that saw Gett form a partnership with Lyft.[11] It signalled Gett’s evolution to a B2B marketplace in corporate GTM.

The growth of Gett’s marketplace model saw it form further partnerships with Ola in 2020,[12] and Curb Mobility in 2021.[13]

In Q1 2021 Gett’s marketplace counted more than 1000 partner fleets.[14]

Pricing and payments

The Gett revenue model varies from country to country. Its B2B marketplace platform charges corporate clients on a SaaS-like subscription or per ride basis.

Gett aggregates all four corporate ground transportation supply layers on a comprehensive B2B marketplace connecting thousands of fleets globally[14]

Reception

The Gett app was positively received by mobile users and technology blogs such as TechCrunch and Mashable, and was often described as a revolutionary service. Gett has raised more than $750M in funding to date, most recently in a round for $115m[15] led by new backer Pelham Capital Investments Ltd

With the announcement of a new fleet partnership with Curb Mobility, Gett was described by TechCrunch[13] as moving away from managing fleets of contractor drivers, expecting partner fleets to cover the majority of its rides by the end of 2021. Further, it suggests Gett has made a big bet on building a platform that integrates with businesses at the back end to make it easier to order rides and for them to reconcile more easily with a business’ expense management and accounting software. Gett’s big pitch to would-be customers is that this software makes it less expensive and significantly more efficient to order rides using Gett.

Strategic partnership with the Volkswagen Group

In May 2016, Volkswagen Group announced that it would invest $300 million in Gett,[16] 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.[9]

See also

References

  1. ^ "Gett company". Bloomberg.
  2. ^ gett.com https://gett.com/uk/about/. Retrieved 2021-04-01. Missing or empty |title= (help)
  3. ^ Shalita, Hen, Hayut, Ilanit (February 16, 2012). "The Startups are killing Taxi Services". Globes. Archived from the original on 2012-05-01.CS1 maint: multiple names: authors list (link)
  4. ^ Lacy, Sarah (July 11, 2011). "Get Taxi Launching in London". TechCrunch.
  5. ^ Gilbert, Trevor (March 1, 2012). "Moscow, Meet GetTaxi. GetTaxi, Moscow". pandodaily.
  6. ^ Taxi app development explained
  7. ^ Fitzpatrick, Alex (June 7, 2012). "This App Will Revolutionize the NYC Taxi Experience". Mashable.
  8. ^ Primack, Dan. "Fortune Term Sheet – Venture Capital Deals". Fortune. Retrieved 18 August 2014.
  9. ^ a b Volkswagen Group announces a strategic partnership with on-demand mobility provider Gett
  10. ^ "On-demand ride service Gett confirms acquisition of Juno for $200M". TechCrunch. Retrieved 2021-05-17.
  11. ^ "Gett Shuts Down Juno, Announces Collaboration With Lyft | Ctech". m.calcalistech.com. Retrieved 2021-05-17.
  12. ^ "Ride-hailing firms Gett and Ola sign corporate partnership". CityAM. 2020-08-06. Retrieved 2021-05-17.
  13. ^ a b "Gett inks deal with Curb Mobility to bring yellow cabs to its enterprise-focused on-demand ride-hailing app". TechCrunch. Retrieved 2021-05-17.
  14. ^ a b "Events & Presentations - VNV Global". www.vostoknewventures.com. Retrieved 2021-05-17.
  15. ^ "Gett raises $115M for its on-demand ride-hailing platform for business users". uk.finance.yahoo.com. Retrieved 2021-05-17.
  16. ^ "VW invests $300M in Uber rival Gett in new ride-sharing partnership". TechCrunch. Retrieved 2021-05-17.