gettacar

growth-negative

Israeli-American company Gettacar, which operates a used car marketplace in the US, has recently faced difficulties and made changes, including rebranding to Getta. The company has closed its call center in Rehovot and laid off 30 employees. Gettacar employed around 200 people in Israel and Philadelphia, but now has only a few dozen employees. The company aims to increase profitability through the acquisition of used car agencies and their digital transformation. They plan to launch new website and brand within a month.

growth-positive

Gettacar, an Israeli online car buying company, has closed a $25 million financing round, bringing the total amount raised to $48 million. The funding will be used for product development, expanding into new markets, and improving the customer experience. Gettacar offers unique features such as 48-hour deliveries, at-home test driving, and a 365-day bumper-to-bumper protection and maintenance package. The company has seen significant sales growth, with a 186% year-over-year increase in 2020 and projected growth of 210% in 2021. Gettacar plans to launch in additional US markets this year. The financing round was led by 3L and Luxor Capital, with participation from Torch Capital.

growth-positive

Gettacar, an online used car-buying platform, aims to eliminate the difficulties of traditional car shopping by providing a frictionless and direct-to-consumer model. The company, founded by Yossi Levi and Jake Levin, has merged with Danis Auto to enhance its car inventory. Gettacar has a 75,000-square-foot reconditioning center in Northeast Philadelphia and a technology office in Israel. It has sold at least 500 cars since the beginning of the year and offers a seven-day return policy. The company raised an undisclosed amount of funding in a Seed A round, with San Francisco-based e.ventures as one of the investors. Gettacar faces competition from Carvana but sees a huge opportunity in the fragmented used-car market.