Gett Turns Operationally Profitable For All Business Divisions

LONDON : Gett, the global leader in corporate on-demand transportation, announces that it became operationally profitable in December 2019, with the Company reporting a positive consolidated all countries EBITDA of $0.3 million (before fixed central and R&D cost).

 

The Company is now operationally profitable across each of its Transportation, Delivery, and Shuttle product lines.

 

Gett launched one of the first-ever on-demand corporate travel services back in 2010 in Israel and attracted Google and Disney as its first clients.

 

Today more than 17,000 companies, including a third of the Fortune 500, use Gett’s ninth generation B2B technology to move their workforces safely across the world. Gett has grown its client portfolio at a 70% CAGR and is winning 400-500 new clients each month.

 

Gett’s B2B Generation 10 offers corporate clients the unique ability to aggregate all their ground travel needs on one single booking platform, hosting a collection of local and global vendors, for on-demand ride-hailing, taxi, chauffeur and limousine services across 100 countries.

 

Dave Waiser, Chief Executive Officer of Gett, commented: “With the global roll-out of our 10th generation of B2B product in 2020, we will change the way corporates travel, create a new industry standard and introduce the most advanced technology in the space.

 

“Becoming profitable in our operations globally bears testament to the strength of our business model and reinforces our position as the leading corporate transportation service.”

 

This news comes after Gett announced a strategic partnership with ride-hailing firm Lyft in November 2019, allowing Gett’s corporate customers traveling in the United States to request rides through the Gett app and be matched with a driver on the Lyft network. This partnership will allow Gett to expand its reach across the United States, seamlessly serving its corporate clients on the Lyft network through Gett’s SaaS platform for business travellers.

 

Founded in 2010, Gett has always been very strong in the corporate segment, immediately after launching the app in 2010, Gett signed its first corporate customer. Today, Gett is leading the innovation in corporate ground travel. The B2B proposition, underpinned by high consumer service and cutting-edge technology is already serving thousands of leading corporations around the world.

 

On-demand mobile application development is enhancing the growth of transportation and logistics business in this tech-driven era. Panacea Infotech, a Katalyst group company offers top notch transportation and logistics solutions, which help our client’s in driving better business growth.

 

Source: https://www.prnewswire.com/