Rideshare rivals Gett, Juno join forces

US-based ridesharing startups Gett and Juno announced Wednesday they were joining forces, helping them step up a challenge to larger rivals Uber and Lyft.

"Excited to share that #Gett & @ join forces in the US bringing together two companies that treat drivers better," said a tweet from New York-based Gett, which operates in 100 cities in the US, Russia, Britain and Israel.

The companies did not immediately disclose terms, but the news site TechCrunch reported that Gett had paid $200 million for Juno, which launched in New York last year.

Gett has raised some $640 million including a $300 million investment last year from Volkswagen as part of a with the German automaker.

The two startups promote themselves as being more friendly to drivers than market leader Uber, which has been rocked by a series of embarrassing disclosures about a culture of sexism, cut-throat workplace tactics and covert use of law enforcement-evading software.

Gett operates in a large number of cities in Russia and a handful in the British and Israeli markets, but New York is the only US in which it operates.


Explore further

Volkswagen, Toyota buy into ridesharing

© 2017 AFP

Citation: Rideshare rivals Gett, Juno join forces (2017, April 26) retrieved 25 August 2019 from https://phys.org/news/2017-04-rideshare-rivals-gett-juno.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
4 shares

Feedback to editors

User comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more