Gett
Israeli taxi-hailing and corporate ground-transport app, exited from most foreign markets.
On the record
Checkpoint: Ben Gurion Airport concession renewal and review of Israeli taxi deregulation proposals
The call
Gett survives on Israeli taxi regulation and airport access after shedding its foreign markets and most of its old valuation, with new owners yet to show their plan.
Gett runs taxis and corporate car services in Israel, where it keeps operating because the government requires licensed meters that Uber cannot use. This protection has kept the company profitable and independent, but Gett just lost 87% of its value, sold off all its businesses outside Israel, and brought in new owners and a new leader within a year. The real question is whether self-driving cars like Waymo will eventually replace both Gett and traditional taxis in the next few years, which could make the regulatory protection worthless.
Why
01
AI pressure: Waymo and other robo-taxi platforms. Self-driving cars could remove the driver-supply problem entirely and undercut Gett's licensed-taxi model within years, not months. Could AI do the core job? Only partly.
02
Bigger players: Uber. Uber stays locked out of Israel's consumer ride market by the taxi-meter licensing regime, but that rule could change. Could a giant copy it? No, they are blocked.
03
What protects it. Israel's regulated taxi-meter system and Gett's Ben Gurion Airport operator status keep foreign ride-share apps out of its home turf.
What would change this call
Israel opens taxi-meter regulation to ride-share entrants like Uber. Would remove Gett's core regulatory moat and invite direct competition.
Ben Gurion Airport rebids or does not renew Gett's ground-transport concession. Would strip Gett of a key distribution and revenue advantage.
Yango secures added driver capacity or capital in Israel within the next year. Would show a rival closing Gett's local supply-side gap.
Ben Gurion Airport rebids or does not renew Gett's ground-transport concession. Would strip Gett of a key distribution and revenue advantage.
Yango secures added driver capacity or capital in Israel within the next year. Would show a rival closing Gett's local supply-side gap.
Key numbers
- Valuation fell from $1.5B to $190M
- Total funding raised roughly $900M to $1.06B
- Lyft bought Gett's UK unit for about $55M
Named risks
- Unsettled strategy under new Israeli consortium ownership since August 2025 plus May 2026 CEO turnover.
- No independently audited financials for post-divestiture Israel-only entity.
- Regulatory risk: Israeli Competition Authority already blocked one merger, may scrutinize future Gett M&A.
- Long-term threat from autonomous vehicle/robo-taxi platforms to human-driver taxi model.
- Israeli taxi deregulation could remove Gett's core regulatory moat against Uber-style entrants.
Rivals, as read in July 2026
| Rival | Direction | Evidence |
|---|---|---|
| Yango | contesting | Cited by Israeli Competition Authority as competitive check on Gett in Israel, 2025-05-21 |
| Uber | losing to | Uber structurally absent from Israel consumer market due to regulated taxi-meter regime, as of 2026-07-08 |
| Lyft (via Freenow) | losing to | Lyft acquired Gett's entire UK ride-hailing business for $55M in April 2026 |
| Pango | contesting | Attempted $175M acquisition of Gett collapsed in May 2025 after regulatory objection |
Questions people ask
- Is Gett profitable in 2026?
- Yes, according to deal reporting: Gett was expected to post an operating profit in 2025 with EBITDA projected at $18M in 2025 and $20M in 2026, and was described as profitable on the bottom line as of the August 15, 2025 sale announcement.
- Who owns Gett now?
- As of August 15, 2025, Gett is owned by a consortium of Israeli institutional investors (Klirmark Capital, Leumi Partners, Meitav, Mizrahi Tefahot Invest, Phoenix Financial, plus a family office) who bought it from VNV Global, Access Industries, and MCI Capital for $188 million.
- Could Uber replace Gett in Israel?
- Not easily. Uber remains structurally absent from Israel's consumer ride-hailing market as of July 2026 due to the country's regulated licensed-taxi meter system, while Gett holds official authorized taxi operator status at Ben Gurion Airport, per israel-taxi.com.
- Why did Gett's valuation collapse?
- Gett sold for $188 million in August 2025, down from a $1.4 to 1.5 billion valuation in 2019, an approximate 87 percent drop, after a Pango acquisition attempt at $175 million was blocked by Israeli antitrust regulators in May 2025.
- Did Gett sell its UK business?
- Yes. In April 2026, Lyft acquired Gett's UK business, its last major international ride-hailing operation including London black cabs, for a reported $55 million (also cited as £40M), with the Gett UK team transferring to Freenow.
- Who is Gett's biggest competitor?
- Yango is Gett's main rival in Israel as of July 2026, per israel-taxi.com, and was explicitly cited by Israel's Competition Authority as a reason to block the 2024-2025 Pango-Gett merger attempt over reduced-competition concerns.
Timeline
- 2026-05CEO Matteo de Renzi departs with $750,000 bonus; Mark Oun becomes CEO
- 2026-04Lyft acquires Gett's UK business for about $55M/£40M; team moves to Freenow
- 2025-08-15Israeli investor consortium buys Gett for $188M, down from $1.5B in 2019
- 2025-05-21Pango formally cancels its Gett acquisition after regulatory objections
- 2024-05Pango agrees to acquire Gett for about $175M; deal later blocked
- 2022-05-03Founder Dave Waiser departs; Krasnykh and de Renzi named co-CEOs
- 2021-01-12Gett completes $115M funding round
- 2020-07-21Gett completes $100M Series F round at $1.5B valuation
- 2016Volkswagen Group invests $300M (later written off)
- 2010Gett founded in Tel Aviv by Shahar Waiser and Roi More
Revision history
23 July 2026
First assessed. Defensible for now. The text above is fixed as of this date and is not edited afterwards.
In the same band
Sources
- Gett
- Gett sold for $190 million to six-investor consortium (2025-08-15)
- Gett Stock Price, Funding, Valuation (2026-04-22)
- Gett completes $100 million round to boost corporate platform (2020-07-21)
- Gett completes US$115m funding round from strong investor base (2021-01-12)
- Pango cancels Gett acquisition after regulator's objections (2025-05-21)
- Lyft acquires Gett UK; expands rider offerings in London (2026-04-23)
- 'This is very transformative for the business': Lyft takes a big step into London's black cab sector (2026-04-24)
- $143.4M Est. ARR, $1.4B Valuation (2024-10-16)
- Gett's B2B Marketplace Passes Major Milestone Surpassing 2000 Fleets (2021-12-08)
- Is There Uber In Israel? 2026 Ultimate Guide (2026-07-08)
- Gett names Mark Oun CEO as Matteo de Renzi exits (2026-05-06)