Uber Competitor Gett Receives $300M Investment from Volkswagen

gett-logoGett (formerly known as GetTaxi), a global ride hailing provider, has received a $300m strategic investment from Volkswagen Group.

Volkswagen Group has made the investment in order to increase the share of future sales revenue coming from new business models. The partnership is based on a joint growth strategy to expand on-demand mobility services in Europe and to become a world leading mobility provider by 2025, as said by Matthias Müller, Chairman of the Board of Management of Volkswagen Aktiengesellschaft.

Today, Gett is one of the fastest growing ride hailing providers in the mobility-on-demand area. Based on a joint strategy, according on-demand mobility services will be further expanded.

Led by Shahar Waiser, founder and CEO, Gett is currently available in more than 60 cities worldwide, including London, Moscow and NYC and used by more than 4,000 leading corporations worldwide.
The company, which has development facilities in Israel, bases its business model exclusively on licensed drivers. Through the app, consumers can book on-demand rides or pre-book rides for later.
It has raised over $520m in venture capital.



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