TECHNOLOGY – Yandex Buys Wind’s Israeli E-Scooter Operations

dWeb.News Article from Daniel Webster dWeb.News

dWeb.News Article from Daniel Webster dWeb.News

Russian tech company Yandex is expanding its mobility presence in Israel by purchasing 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.

Windd is one the most popular e-scooter sharing companies in Israel. 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. Yandex claims that Wind will help to expand the ecosystem and offer a wide range of transportation and last-mile solutions.

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