Source : marketwatch.com
Gett, a ride-hailing startup, said Tuesday that it received a $300 million strategic investment from automotive company Volkswagen Group VLKAY, +0.99%Volkswagen is the latest car manufacturer, after General MotorsGM, -1.14% to team up with a ride-hailing company. “The partnership with Gett marks the first milestone for the Volkswagen Group on the road to providing integrated mobility solutions that spotlight our customers and their mobility needs.” said Matthias Müller, Chairman of the Board of Management of Volkswagen, in the press release. The recent investment brings Gett’s total funding to more than $520 million, the company said. Gett is available in Russia, Great Britain, Israel and New York City.