Announced

Yandex to acquire the Israeli operations of Wind.

Synopsis

Yandex, a Russian multinational corporation providing over 70 Internet-related products and services, agreed to acquire the Israeli operations of Wind, a provider of e-scooters rental services intended to facilitate affordable and eco-friendly mobility. Financial terms were not disclosed. Acquiring Wind will expand this ecosystem by providing a broad variety of last-mile and transportation solutions. Included in the acquisition is Wind’s fleet of more than 10k made-for-sharing scooters, scooter infrastructure and operation system in Israel, as well as R&D around travel route optimization.

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