Posted on

Russian tech giant Yandex expands Israeli footprint with acquisition of Wind’s Tel Aviv operations



Share

Russian tech giant Yandex is expanding its mobility footprint in Israel with the acquisition of shared e-scooter company Wind’s Israeli operations. The two are not sharing the terms of the deal, but Israeli financial newspaper Globes reported that it is estimated to have cost $40 million to $50 million.
Wind is one of the top e-scooter sharing operators in Israel, alongside competitors like Lime, Leo and Bird. Yandex has already been operating its Yango mobility platform in the country since 2018, starting with ride-hailing and working up to last-mile delivery and food tech. Acquiring Wind will expand this ecosystem by providing a broad variety of last-mile and transportation solutions, according to Yandex.
It’s conceiv …

Read More