Via, the global leader in TransitTech, announced today that it has closed a financing round led by 83North, with participation from new and existing investors such as Exor N.V., Pitango, Janus Henderson, CF Private Equity, Planven Entrepreneur Ventures, Riverpark Ventures, and ION Crossover Partners. The round values Via at $3.5 billion, based on the same price per share as the company’s previous financing in November 2021. Via plans to use the funds to expand its product offering and further its vision of providing end-to-end digital infrastructure for public transportation.
Via has had a strong year, with cities and transit agencies around the world increasingly turning to digital solutions to improve the efficiency of their transportation systems.
The company finished 2022 ahead of schedule, with an annualized revenue run-rate of more than $200 million, more than doubling since the previous financing round.
More than 600 communities around the world use TransitTech products from Via to increase access to efficient, equitable, and sustainable public transportation. Customers can use the company’s technology to plan transit networks that are responsive and resilient to rapidly changing needs, operate smart multi-modal transportation systems, and use data to optimize performance — all from a single software platform.
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.