The Volkswagen and Access Industries-backed ride hailing platform closed $100m in equity, debt and bond financing at a flat $1.5bn valuation.

Gett, an Israel-based ride hailing service backed by carmaker Volkswagen (VW) and conglomerate Access Industries, has completed a $100m funding round valuing it at $1.5bn, Calcalist reported today.

The round was mostly made up of equity funding, combined with some debt and bond financing, and the capital was supplied by existing backers including Vostok Nafta Investments in addition to undisclosed new investors.

Founded in 2010 and formerly known as GetTaxi, Gett operates an app-based on-demand ride service that spans some…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.