GoTo Global, an Israeli mobility company that offers shared micromobility and car-sharing services in Spain, Israel, Malta and Germany, is going public on the Tel Aviv Stock Exchange (TASE) through a merger with shell company Nera Tech Media.
The merger is expected to close in early April, which will initially give GoTo access to the $12 million Nera Tech holds in cash assets, money GoTo will use to expand its footprint in Germany, according to the company’s CEO Gil Laser.
GoTo, which was founded 13 years ago, acquired German shared e-moped operator Emmy last autumn, giving the company an entry into the German market, specifically Hamburg, Berlin and Munich.
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