Via builds transit technology and on-demand shuttle services, offering software that helps public transportation agencies, municipalities and school districts optimize fixed routes, paratransit, school buses, bike lanes and integrate private ridesharing. The company has scaled to 600 communities across more than 35 countries. Via ended 2022 with an annualized revenue run-rate surpassing $200 million, more than double since its prior financing in November 2021. With the new capital the company plans to expand its product suite — either via in-house development or M&A — including street-mapping for traffic controls, parking and curb management, EV fleet and charger management, micromobility planning and autonomous vehicle integration. Via is already working with AV companies Motional and May Mobility to deploy autonomous ridesharing shuttles in Las Vegas and Grand Rapids. The company says the funds also provide optionality to pursue an IPO when market conditions make sense. Via operates consumer-facing shuttles while its core business is a TransitTech SaaS platform sold to cities, transportation authorities, school districts and universities. The software side has eclipsed its consumer operations and is the primary driver of growth. TransitTech revenue more than doubled year-over-year to exceed an annual run rate of $100 million, and the platform is used by more than 500 partners. The company employs about 950 people. Via has expanded via acquisitions, buying Fleetonomy in 2020 and acquiring Remix earlier this year, which now operates as a subsidiary with its own brand. It recently launched a combined product that integrates Remix’s mapping and transit-planning tools with Via’s on-demand transit data. Via builds technology-enabled public mobility solutions that power public transportation by replacing rigid routes and schedules with dynamic, algorithm-driven networks. Its platform uses a real-time matching algorithm to combine multiple passengers or packages headed in the same direction, reducing urban congestion and emissions. Via works closely with more than 100 partners across municipalities, public transit agencies, operators, corporations, schools and universities to optimize transport systems. The company is deployed in more than 70 cities across 20 countries and operates in Europe as ViaVan. Co-founded by Oren Shoval and Daniel Ramot and launched in 2013, Via intends to use new funding to expand its business reach and advance its vision of efficient, accessible and equitable public mobility. Financially, Via completed a $200M Series E at a $2.25 billion valuation. Via is a New York-based shared taxi mobile company that operates an algorithm-driven on-demand shared ride platform. Led by CEO Daniel Ramot and CTO Oren Shoval, Via provides shared ride services in New York, Chicago and Washington D.C., and its technology is licensed by partners around the world. The company’s platform supports smart public transport and a dynamic mass transit system intended to reduce urban traffic volume. Via’s shared ride service in its U.S. markets provides over 1 million rides per month. Following investments from Mercedes‑Benz Vans and Daimler Mobility Services, Via is expanding into Europe through a joint venture with Mercedes‑Benz Vans, with London slated as the first launch this year. The joint venture will also partner with public transit operators across Europe and license Via’s On‑Demand Shuttle Operating System to enable cities to improve mobility without additional infrastructure costs. Via operates an on-demand city carpooling service that dynamically matches passengers to available seats rather than whole vehicles, using algorithms and data to enable smart routing. The service typically runs in New York City and Chicago and usually carries between five and eight passengers per vehicle. Via positions itself between a traditional bus and ride-hailing services, aiming for bus-like price points with greater flexibility. The company describes its product as a “dynamic bus system” designed to reduce single-occupancy vehicle trips and congestion. Its stated future plan is to scale this model as a mass-transit alternative powered by advanced algorithms and data. Financially, Via has been raising institutional capital and announced a Series C that will increase its total invested capital to $137 million when fully closed.

Total raised

$617M

Funding rounds

6

Latest round

Equity

Latest activity

Feb 2023