GoTo Global

Shared Mobility App

Automotive & Mobility Technologies
Public on TASE on Jun, 2022<br>

Company Overview

Snapshot

Founded in May 2008 by Gil Laser, GoTo Global operates with 51–200 employees. The company has raised $44.2 million across 3 funding rounds from 8 investors. In June 2022, GoTo Global went public on the TASE through a reverse merger with NeraTech Media.

Business overview

GoTo Global provides car-sharing services through a mobile application, enabling users to rent various vehicles, including economy, family, and cargo cars, on an hourly or daily basis. The platform streamlines vehicle rental from registration to booking and unlocking, serving markets in Germany, Malta, and Israel. The company operates within the Automotive & Mobility Technologies sector, focusing on urban mobility and smart mobility solutions for consumers.

Strategic signal

In October 2021, GoTo Global expanded its European footprint by acquiring the German e-moped sharing company, Emmy. This strategic acquisition demonstrates GoTo Global's commitment to diversifying its shared mobility offerings and strengthening its presence in key European markets, signaling a growth-oriented strategy to investors.

Company Intelligence Q&A

When did GoTo Global go public?
GoTo Global went public on the TASE in June 2022 through a reverse merger with NeraTech Media.
Which company did GoTo Global acquire in October 2021?
In October 2021, GoTo Global acquired Emmy, a German e-moped sharing company, to expand its European operations.
Who invested in GoTo Global's funding round in July 2020?
In July 2020, Adam Neumann led a funding round for GoTo Global, with Shagrir Group also participating.
What was a significant development for GoTo Global in February 2021?
In February 2021, GoTo Global secured an investment from Telcar Group.
What was the outcome of GoTo Global's operations in Spain in May 2023?
In May 2023, GoTo Global exited the Spanish market after three years of operation.

External links