Transit Tech Company Via Raises $110M At $3.5B Valuation

Feb 13, 2023•over 2 years ago

Amount Raised

$110 Million

New YorkTransportationSoftware

Investors

Ion Crossover PartnersRiverpark VenturesPlanven Entrepreneur VenturesCf Private EquityJanus HendersonPitangoExor N.V.83 North

Description

On-demand shuttle service and transit tech company Via has raised another $110 million, bringing the company’s total funding to around $1 billion. The fresh capital pushes Via’s valuation up to $3.5 billion at the same price per share as the company’s previous financing in November of 2021.

Company Information

Company

Via Transportation, Inc.

Location

10 Crosby Street, 2nd Floor

New York, United States

About

Founded in 2012, Via pioneered the TransitTech category by using new technologies to develop public mobility systems — optimizing networks of buses, shuttles, wheelchair accessible vehicles, school buses, autonomous vehicles, and electric vehicles around the globe. Building the world's most efficient, equitable, and sustainable transportation network for all riders — including those with limited mobility, those without smartphones, and unbanked populations — Via works with its partners to lower the costs of public transit while providing transportation options that rival the convenience of a personal car while reducing the environmental impact. At the intersection of transportation and technology, Via is a visionary market leader that combines software innovation with sophisticated service design and operational expertise to fundamentally improve the way the world moves, with 500 partnerships in more than 35 countries and counting.

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