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Israel/US: Gett Partners with Lyft

By  |  November 18, 2019

Israeli startup Gett said it struck a partnership with Lyft to expand its US footprint and is shuttering its New York ride-sharing business Juno, the latest sign of consolidation in an industry facing mounting regulation from state and local governments.

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    Venture-capital-backed Gett acquired Juno in 2017 in a $200 million equity-based deal. Gett blamed Juno’s demise on “misguided regulations in New York City earlier this year.”

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    Gett said it plans to increase its focus on corporate transportation services through its partnership with Lyft, which follows another partnership agreement it signed in 2017 with Frederick, Md.-based Carey International Inc.

    “Instead of competing with consumer ride-sharing companies, we are partnering with them,” Gett Chief Executive Dave Waiser said in a statement.

    Lyft, Uber Technologies Inc. and other ride-hailing companies are grappling with efforts by several states to extend employment protections to gig workers, measures that could upend their business models. A bill in California recently reclassified some independent contractors, including drivers, as employees, while a coalition of unions is pushing for similar legislation in New York.