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TEL AVIV • Gett, the application that rivals Uber Technologies, weighs a US release just over a year after spending $ 200 million ($ 273 million) to enter the market.
The Israeli tech company could sell Juno, the New York start-up that it bought last April, said people aware of the deliberations, who asked not to be named. Juno represents most of Gett's operations in the United States
There is no guarantee that Gett will sell Juno, according to sources, adding that alternative options are still under study
. costs to Juno, the sources said. However, a person with direct knowledge of the company said that Juno made a profit in the first quarter of this year, and that Gett aims to be profitable in the first quarter of next year.
The withdrawal of the United States would be a face to Gett's attempt to strengthen his chances against the world's largest carpool platform. Juno only operates in New York, competing with Uber, Lyft and Via Transportation, and previously planned to expand into other US cities.
Gett, whose investors include Volkswagen, began to consider leaving the United States According to sources,
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$ 80 million
Amount raised by Gett last month, well under $ 500 million US dollars requested by the company a few months ago.
Gett Raised US $ 80 Million Last Month In 1965, Gett focuses on Russia, where she competes with the combined operations of Uber and local supplier Yandex. It is also available in Britain and in its national market of Israel.
Among his investors include billionaire Len Blavatnik, Access Industries, and Swedish Vostok Nafta Investment
once considered a viable challenger of Uber and Lyft in New York. Gett has attracted more than 300 million US dollars from Volkswagen in 2016. Since then, the German automaker has changed orientation to turn its resources into a local mobility unit called Moia and other operations.
Gett, who currently operates in more than 100 cities, would not be the first to reduce his plans for global expansion. Didi Chuxing muscled Uber out of China, as Grab did for Southeast Asia
BLOOMBERG
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