Gett will use the Sberbank funding to expand its services rapidly. This funding complements Gett’s recent USD 300 m strategic investment from Volkswagen, bringing total funds raised by Gett to USD 640 m.

This cross-border deal is another example of the seamless international service offered by Goltsblat BLP / BLP via its London and Moscow offices and in collaboration with local law firms in the US, Cyprus and Israel.

Russian Banking & Finance Partner Oleg Khokhlov led the Moscow team on the Russian aspects, assisted by Associates Igor Zhivotov and Artemiy Bondarev. The BLP London team consisted of partners Daisy Reeves, Nicholas Myatt and Tamara Quinn, each with support from Associates Laura Dennis-Coyne and Natalie Graham.

Number one in Europe, Gett is available in more than 100 cities worldwide, including New York, Moscow, Tel Aviv and London. In London alone, more than half of all black cabs are running on Gett.