Deals
Adam Neumann-Backed GoTo Global Acquires German Moped-Sharing Startup
- Mobility company’s pitch mimics how billionaire plugged WeWork
- CEO expects more acquisitions to help accelerate growth
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GoTo Global Mobility Ltd., the Israeli mobility company backed by WeWork Cos. co-founder Adam Neumann, is acquiring moped-sharing startup Emmy to enter the German market.
GoTo, whose app enables members to book cars, scooters and bikes, will add those modes of transportation to Emmy’s existing service comprised of more than 3,000 electric mopeds in Berlin, Hamburg and Munich. The company has amassed 350,000 users since its founding in 2015.