Gett raise a further £58.9m as valuation reaches £1billion

Ride-hailing app Gett have today raised £58.9m in a fundraiser involving long term investor Volkswagen which now takes their valuation to over £1 billion. Gett, who have half of London’s black cabs on its platform and operate in 120 global cities, is now on course to beat both Uber and Lyft to profitability by the end of the first quarter in 2019. However, profitability predictions do not include money spent on research and development. So far the app has raised over £520 million, of which £220 million came from car manufacturers Volkswagen in 2016. Earlier today it was suggested that Gett had faced problems bringing in larger investment due to its perceived high valuation. These claims were however dismissed by Gett CEO David Waiser.


Taxi-Point_Banner_V2 29.03.2021.gif
  • Facebook TaxiPoint
  • Twitter TaxiPoint
  • YouTube TaxiPoint
  • Instagram
LTDA Feb 2021.gif

TRENDING...

COVID-19...

VEHICLE...

ETHOS 030 Taxi Point ad mob (002) MARKET
NEW MMC.gif
Ascotts Taxi Repair
taxipoint-db-footer-banner.jpg
Plan Taxi Insurance
advertise with us.jpg

The views expressed in this publication are not necessarily those of the publishers.

All written and image rights are reserved by authors displayed. Creative Common image licenses displayed where applicable.

Reproduction in whole or in part without prior permission from the publisher is strictly prohibited.

All written content Copyright of TaxiPoint 2021.