Via, which provides the digital infrastructure to power public mobility in cities around the world, has raised a Series E financing of $200m ($156m), led by EXOR. The financing values the company at $2.25bn. Via said the funds will enable it to advance its vision of efficient, accessible, and equitable public mobility.
Via’s technology powers the next generation of public transportation. It’s algorithm efficiently combines, in real time, multiple passengers or packages headed in the same direction, to reduce urban congestion and emissions while providing a high quality and lower cost mobility service. It’s platform is available in more than 70 cities in 20 countries. To date, the Via platform has provided over 70m rides around the world, driven by partnerships with municipalities, public transit agencies, transportation operators, major corporations, schools, and universities, to optimize their transport systems.
Via is actively supporting cities the current pandemic, helping partners provide emergency transit of goods as well as essential personnel. Its emergency services and transit network optimization skills are being used across the world to support communities impacted by COVID-19.
Noam Ohana, head of EXOR Seeds, EXOR’s early stage investment arm, will join Via’s board of directors. New investors Shell, Macquarie Capital, and Mori Building also participated in the round, as did existing investors Pitango, 83North, Hearst Ventures, Ervington Investments, Planven Ventures, Broadscale Group, and RiverPark Ventures.