Shared mobility provider
BinBin
has acquired
GO Sharing
with terms of the deal not disclosed.
The deal gives Turkey-based BinBin a foothold in Western Europe after its recent growth in Eastern Europe, but the two companies will operate separately.
According to a statement, Netherlands-based GO Sharing had its vehicles withdrawn earlier this month because of the bankruptcy of its lease company.
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It will continue to operate its electric mopeds and e-bikes in the Netherlands, Italy and Turkey.
BinBin, which was founded in 2019, says it operates more than 25,000 shared scooters and has more than 3 million users across Eastern Europe.
The company has developed its own hardware and software for its shared mobility service.
Kadir Abdik, CEO of BinBin, says: “Sustainability and technology are central to our company. The dedication of our 500 employees to finding rational solutions to the transportation problems of growing cities has made BinBin Turkey’s largest profitable shared transportation provider. With our expertise and that of GO Sharing, we are ready for the next step: We want to make shared mobility the standard across Europe.”
GO Sharing, also founded in 2019, announced almost two years ago that it had
raised €50 million
and shared plans to expand its product line and add new markets.