International vehicle-sharing company GoTo Global has received $5 million from global mobility group ASTARA after entering into a strategic investment agreement from said company.

This comes as part of a pre-IPO Round and follows an investment of $6 million raised from the company’s existing investors.

ASTARA is one of the largest automotive and mobility services groups in the world, with presence in three continents, 16 countries, and with a turnover of €4 billion and over 200,000 vehicle sales in 2021.

Bertrand Attard, GoTo Global’s Chief Operating Officer (COO), took to social media to celebrate this milestone.

“We’ve just announced another big step on our journey. Astara joins GoTo Global as a strategic investor and underscores we are on the right path – determined to continue to change the shared mobility landscape,” he wrote.

“We now look forward to what’s next on this journey with the great GoTeam,” he continued.

GoTo currently operates in Israel, Germany, Spain, and Malta, and offers users an array of vehicles, including cars, bikes, electric scooters, and mopeds. To date, GoTo’s 5,800 vehicles have been accessed by over 450,000 users, with nearly three million rides and $22 million in revenues reported in 2021.

“Today is a big step on our journey to making shared multimodal mobility accessible to all,” GoTo Global CEO Gil Laser said.

“The arrival of a group with the scale, experience, and track record of ASTARA as an investor in GoTo really demonstrates that we are on the right road,” he continued.

Featured Image:

Bertrand Attard / LinkedIn

Related

The new eDaily: Motors Inc. and IVECO launch zero-emmission version of Daily vehicle

19 July 2024
by MaltaCEOs

The eDaily vehicle line-up is offered in different variants.

‘The worst incident I’ve ever seen’ – BMIT Head of Information Security Services reacts to global outages

19 July 2024
by Anthea Cachia

Companies should not blindly trust a product based on its marketing brochure, Christian Bajada insists.

Bringing a championship mindset to business leadership

19 July 2024
by Fabrizio Tabone

Leadership Coach Marc Berghoff recently had the opportunity to listen to Ross Bernstein, a sports author who had insights from ...

Could non-family Non-Executive Directors be the way forward for family businesses?

18 July 2024
by Fabrizio Tabone

Nadia Pace says many family businesses view NEDs as an intrusion in the family dynamic, possibly leading to ‘resistance and ...

Close Bitnami banner
Bitnami