Juno (company)

Last updated

Juno
Industry Vehicle for hire
Founder Talmon Marco
Successor Lyft
Headquarters New York City, New York
Number of employees
273
Parent Gett (2017-2019)
Website gojuno.com

Juno was a vehicle for hire operating in the United States. It is owned by Gett. It operates mobile apps on the Android and iOS operating systems.

Contents

Compared to its competitors, Juno took a smaller commission from every ride, as part of a strategy to attract and retain happier drivers. [1] [2] Juno initially had an equity structure that planned to give drivers fifty percent of the founder's equity by 2026, but this program was discontinued in 2017 when Juno was acquired by Gett. [3]

History

Juno was founded by Talmon Marco, who served as the company's chief executive officer. The company headquarters is in New York City. [4]

Information on Juno became public in February 2016, following an unheralded and unannounced beta testing of a software app to 2000 drivers in New York City. Information leaked, and the company began granting interviews by 16 February 2016. [5]

Juno had intended to operate without press for several months. [5]

Juno launched its ride sharing services in New York City in 2016. [4] [6] [7]

Juno was acquired by Gett in 2017, for $200,000,000. [8]

Juno ceased all transportation operations on 18 November 2019. [9] [10]

Juno sought an order to tap $1 million of a $4.5 million loan from its parent company to fund a bankruptcy liquidation on 20 November 2019. [11]

In February 2020, Juno received court approval in Delaware for a Chapter 11 settlement with its unsecured creditors and parent company. [12]

Product

Juno is a bankrupt ride hailing app, making its own proprietary navigation software to do so. [13] The company, which was primarily used in New York City, ceased operations in November 2019, with customers told to use the app Lyft instead. [14] Juno's parent company, Gett, is also a ride-sharing company, however, is primarily focused in Israel. [15]

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References

  1. ↑ O'Brien, Sarah Ashley (20 February 2016). "Uber competitor says its drivers will own the company". CNN . Retrieved 22 February 2016.
  2. ↑ Solomon, Brian (16 February 2016). "Stealth Startup Juno Will Take On Uber By Treating Drivers Better". Forbes. Retrieved 22 February 2016.
  3. ↑ Hawkins, Andrew J. (19 June 2017). "Drivers are suing 'driver-friendly' ride-hail apps Gett and Juno". The Verge . Vox Media . Retrieved 21 July 2018.
  4. 1 2 Noto, Anthony. "New ride-sharing app Juno brings fight to Uber one driver at a time". New York Business Journal. Retrieved 22 February 2016.
  5. 1 2 Lacy, Sarah (17 February 2016). "Juno founder: "Everybody we talked to, they hated Uber with a passion."". PandoDaily . Retrieved 22 February 2016.
  6. ↑ "Juno thinks it can beat Uber by playing nice".
  7. ↑ "Juno wants to woo Uber drivers with a more ethical ride-sharing app". 29 March 2016. Retrieved 17 April 2017.
  8. ↑ Deahl, Dani (1 August 2017). "Gett disappears from US app stores in the most confusing merger possible with Juno". The Verge. Retrieved 10 August 2020.
  9. ↑ "Juno shuts down its operations in NYC as owner Gett signs strategic partnership with Lyft". TechCrunch. 18 November 2019. Retrieved 30 January 2020.
  10. ↑ "Gett's Juno ends NYC ride-hailing services, citing regulation". Reuters. 19 November 2019. Retrieved 30 January 2020.
  11. ↑ "Ride-hailing company Juno on road to Ch. 11 liquidation". Reuters. 20 November 2019. Retrieved 6 February 2020.
  12. ↑ "Juno Moves Ahead With Ch. 11 Plan After Creditor Deal OK'd - Law360". www.law360.com. Retrieved 21 February 2020.
  13. ↑ "Juno USA LP - Company Profile and News". www.bloomberg.com. Retrieved 26 June 2020.
  14. ↑ "Ride-Sharing App Juno Shuts Down in NYC, Blames Misguided Regulations". www.ny1.com. Retrieved 26 June 2020.
  15. ↑ gett.com https://gett.com/uk/business/ . Retrieved 26 June 2020.{{cite web}}: Missing or empty |title= (help)


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