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Gett

Topic: Company

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GT GETTAXI (UK) LIMITED
FormerlyGetTaxi (in Israel)
TypePrivate
Industry
FoundedNovember 1, 2010; 15 years ago (2010-11-01)
FoundersDave Waiser
HeadquartersLondon
Area served
Israel, United Kingdom, Europe
Key people
Matteo De Renzi (CEO)
Products
Services
  • SaaS
  • B2B
  • Ridesharing
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

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". https://www.bloomberg.com/profile/company/0852787D:IT. 
  2. ↑ "Gett company profile". https://gett.com/about/. 
  3. ↑ "GT GETTAXI (UK) LIMITED overview - Find and update company information - GOV.UK" (in en). https://find-and-update.company-information.service.gov.uk/company/07603404. 
  4. ↑ חזני, גולן; כלכליסט (May 9, 2024). "העסקה נחתמה - פנגו רכשה את גט תמורת 175 מיליון דולר" (in he). Ynet. https://www.ynet.co.il/economy/article/hyarnafzc. 
  5. ↑ Shalita, Hen, Hayut, Ilanit (February 16, 2012). "The Startups are killing Taxi Services". Globes. http://www.globes.co.il/news/article.aspx?did=1000724926. 
  6. ↑ Lacy, Sarah (July 11, 2011). "Get Taxi Launching in London". TechCrunch. https://techcrunch.com/2011/07/19/get-taxi-launching-in-london-this-is-way-beyond-uber/. 
  7. ↑ Gilbert, Trevor (March 1, 2012). "Moscow, Meet GetTaxi. GetTaxi, Moscow". pandodaily. http://pandodaily.com/2012/03/01/moscow-meet-gettaxi-gettaxi-moscow/. 
  8. ↑ Taxi app development explained, http://yalantis.com/blog/uber-expertise-taxi-booking-mobile-app-development/, retrieved February 27, 2015 
  9. ↑ Fitzpatrick, Alex (June 7, 2012). "This App Will Revolutionize the NYC Taxi Experience". Mashable. http://mashable.com/2012/06/07/gettaxi/. 
  10. ↑ 10.0 10.1 "Volkswagen Group announces a strategic partnership with on-demand mobility provider Gett". http://www.volkswagenag.com/en/news/2016/5/Gett.html. 
  11. ↑ "On-demand ride service Gett confirms acquisition of Juno for $200M" (in en-US). April 26, 2017. https://techcrunch.com/2017/04/26/on-demand-ride-service-gett-confirms-acquisition-of-juno-for-200m/. 
  12. ↑ "Gett Shuts Down Juno, Announces Collaboration With Lyft | Ctech". https://m.calcalistech.com/Article.aspx?guid=3773972. 
  13. ↑ "Ride-hailing firms Gett and Ola sign corporate partnership" (in en-GB). August 6, 2020. https://www.cityam.com/ride-hailing-firms-gett-and-ola-sign-corporate-partnership/. 
  14. ↑ "Gett inks deal with Curb Mobility to bring yellow cabs to its enterprise-focused on-demand ride-hailing app" (in en-US). April 18, 2021. https://techcrunch.com/2021/04/18/gett-curb-mobility/. 
  15. ↑ "VW invests $300M in Uber rival Gett in new ride-sharing partnership" (in en-US). May 24, 2016. https://techcrunch.com/2016/05/24/vw-invests-300m-in-uber-rival-gett-in-new-ride-sharing-partnership/. 



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