JAKARTA - Russian tech giant Yandex continues to expand in Israel by acquiring electric scooter rental company Wind. They are also adding taxi services and food delivery in the country.
Yandex said on Tuesday, October 12 that it expected the deal to be finalized by the end of the year but did not disclose the financial terms.
The acquisition will cover Wind's e-scooter hardware, R&D capabilities, and operations in Israel, Yandex said.
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Wind, which operates about 4.500 scooters in 13 Israeli cities, will be renamed Yango Wind. It will operate under the Yango brand, the international branch of Yandex.Go, the taxi aggregator and food technology business Yandex.
Yandex launched an electric scooter rental service in Moscow in July. Yango launched a ride-hailing service in Israel in December 2018, which was followed by e-grocery service Yango Deli last year.
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