On-demand shuttle and software company Via has raised another
The round was led by Janus Henderson with participation from funds and accounts managed by BlackRock, ION Crossover Partners, Koch Disruptive Technologies and existing investor Exor. To date, the company has raisedinterview last year.
Today, the software side — branded internally as TransitTech — has eclipsed its consumer-facing operations. Via said TransitTech revenue more than doubled year on year to exceed an annual run rate of \)"> 100 million. The software platform is used by more than 500 partners, including Los Angeles Metro. Jersey City and Miami in the United States as well as Arriva Bus UK, a Deutsche Bahn company that uses it for a first and last-mile service connecting commuters to a high-speed train station in Kent, U.K.
Via doesn’t provide specifics on what it plans to use the funds for. The company has made two acquisitions in the past t18 months, including Fleetonomy in 2020.
Earlier this year, Via used $100 million in cash and equity to acquire Remix, a startup that developed mapping software used by cities for transportation planning and street design. Remix became a subsidiary of Via, an arrangement that will let the startup maintain its independent brand.
The acquisition has already produced one product that combines Remix’s collaborative mapping and transit-planning tools with Via’s on-demand transit data. Earlier this month, Via launched a software tool to help cities understand and plan how on-demand rides and fixed route transit like buses, can work in tangent.
The round was led by Janus Henderson with participation from funds and accounts managed by BlackRock, ION Crossover Partners, Koch Disruptive Technologies and existing investor Exor. To date, the company has raised
Via doesn’t provide specifics on what it plans to use the funds for. The company has made two acquisitions in the past t18 months, including Fleetonomy in 2020.
Earlier this year, Via used $100 million in cash and equity to acquire Remix, a startup that developed mapping software used by cities for transportation planning and street design. Remix became a subsidiary of Via, an arrangement that will let the startup maintain its independent brand.
The acquisition has already produced one product that combines Remix’s collaborative mapping and transit-planning tools with Via’s on-demand transit data. Earlier this month, Via launched a software tool to help cities understand and plan how on-demand rides and fixed route transit like buses, can work in tangent.