Gett, the global on-demand mobility company, today announced a $300M strategic investment from the Volkswagen Group, bringing total funds raised by Gett to over $520M.
The Volkswagen Group has made the investment as part of its strategy to generate a substantial share of its future sales revenue from new business models focused on mobility services.
Number one in Europe, Gett is available in more than 60 cities worldwide including London, Moscow and NYC. In London alone, half of all the capital’s black cabs use Gett.
The Volkswagen Group comprises multiple brands: Volkswagen, Audi, SEAT, ŠKODA, Bentley, Bugatti, Lamborghini, Porsche, Ducati, Scania and MAN.
“We are thrilled to partner with the Volkswagen Group, the #1 global car manufacturer,” said Shahar Waiser, Gett’s founder and CEO. “With VW’s investment, Gett will now accelerate its expansion to the rest of Europe and strengthen its position in NYC, where we already operate.”
Gett’s technology covers on-demand transportation, delivery and logistics.
Constantly evolving, the technology leverages big data, cutting-edge predictive algorithms, and artificial intelligence. It can therefore serve as the foundation for the operation of on-demand autonomous cars.
Uniquely, Gett is equally successful with consumers and businesses. “Our B2B offering is just as strong,” added Mr. Waiser. “We are trusted by more than 4,000 leading corporations worldwide, deriving 30% of our revenues from business clients.”