Gett, the ridesharing company backed by Volkswagen and valued at around $1.5 billion, is putting the brakes on a major part of its growth strategy. Today, the company announced that it is closing its operations in New York, which run under the Juno brand, effective today. The company has a substantial business serving enterprise customers globally — with some 15,000 companies overall, many with people in the U.S. — so alongside this news, it’s also entered into a strategic partnership with Lyft to take on those accounts starting next year.
Notably, that 15,000 figure is down on the 20,000 number that Gett shared with me earlier this year when it raised $200 million and talked about going public by Q1 of 2020.
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