Multimodal mobility service provider GoTo Global announced that it has acquired emmy – a German electric scooter sharing company.
This acquisition increases GoTo Global’s European footprint, eases its entry into Germany, and positions it to exceed €100 million in annual revenues by the end of 2023.
“Today, very few city journeys rely on just one form of vehicle, and we believe that multimodal transport is the future for modern urban travel,” GoTo Global CEO Gil Laser said.
“We are excited to bring our unique technology platform to the German market, enabling commuters to easily move in whichever way best suits their needs,” he continued.
Presently, GoTo Global provides shared multi-mobility solutions in Israel, Malta, Madrid, and Germany through a single, technology-driven application.
The company offers users a variety of transport options, including cars, vans, mopeds, scooters, and bikes, and has experienced substantial growth in recent months.
“As the first country that GoTo Global selected to expand its services abroad, GoTo Malta is thrilled to welcome emmy customers to the GoTo family,” Zach Bergerson, GoTo’s Malta Country Manager said.
“Next month we celebrate our third anniversary since GoTo was introduced in Malta, and we will continue to revolutionise the local transport network by offering our many subscribers a range of convenient, affordable, and sustainable multimodal shared mobility options,” he continued.
This acquisition follows recent investments in GoTo Global that saw it raise $22.5 million. The company is currently in an ongoing investment round to fund further expansion of its businesses’ multimodal mobility services across Europe.
Sayed Mohamed Mohamed Noor Sharaf has resigned from the two positions with immediate effect.
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