Journey hailing company Gett raises $80 million from VW, others
TEL AVIV (Reuters) - Israel-based journey sharing app Gett stated on Thursday it had raised an extra $80 million in a investment spherical that valued the corporate at $1.four billion.
All of its primary shareholders together with Volkswagen (VOWG_p.DE) and Get entry to Industries participated, Gett stated in a observation.
Gett has raised greater than $700 million in investment, together with $300 million from VW in 2016.
Gett founder and CEO Dave Waiser stated the corporate used to be anticipated to turn into successful throughout the entire international locations the place it operates, apart from analysis and building prices, by means of the primary quarter of 2019.
New York Town, the place Gett operates beneath the Juno emblem, is the corporate’s quickest rising marketplace, with 45,000 drivers having joined Juno, Waiser stated. Gett purchased U.S. rival Juno for $200 million ultimate 12 months.
Previous on Thursday, Calcalist, a number one monetary day by day in Israel, reported that Gett used to be within the technique of elevating $350 million. Requested in regards to the Calcalist document at the sidelines of a TechCrunch convention, Waiser declined to remark.
VW used to be no longer in an instant to be had to remark.
The Gett app we could shoppers e-book on-demand rides or pre-book rides for later.
Reporting by means of Tova Cohen, Ari Rabinovitch and Steven Scheer. Modifying by means of Jane Merriman
Our Requirements:The Thomson Reuters Consider Ideas.Original ArticleTechnology
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