The Israeli mobility firm, which was founded in 2008, expects that the acquisition will help drive expansion and widen its European footprint, opening the door for its accelerated entry into Germany and positioning it to exceed €100 million (US$ 116 million) in annual revenues by the end of 2023.

GoTo Global offers shared mobility-as-a-service and operates in 13 cities worldwide, allowing users to book shared cars, e-scooters, bicycles, and mopeds.