Total amount raised
$19.2 Millions
Latest funding date
5/1/2021
Location
Via has successfully raised significant funding through multiple rounds, attracting a diverse group of investors. The company offers innovative public mobility solutions, partnering with various entities to enhance transit systems globally.
Keep reading to explore the intricacies of Via's fundraising journey and the investors backing this transformative platform.
What Is Via?
Founded in 2012 by Daniel Ramot and Oren Shoval, Via is a transport company based in New York, New York. The company specializes in providing on-demand public mobility solutions, transforming traditional transit systems into dynamic, flexible networks.
Via's technology connects passengers heading in the same direction, allowing them to share premium vehicles. This innovative approach is utilized by transit agencies, school districts, cities, and corporations globally.
With a workforce of 501-1000 employees, Via continues to expand its reach, partnering with various entities to enhance public transportation systems worldwide.
How Much Funding Has Via Raised?
- Seed Round
- Amount Raised: $2M
- Date: November 2016
- Lead Investors: Tokyo Electric Power
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch their initial public mobility solutions.
- Seed Round
- Amount Raised: $7M
- Date: June 2019
- Lead Investors: The Westly Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their technology and market reach.
- Grant
- Amount Raised: $145K
- Date: January 2020
- Lead Investors: Massachusetts Clean Energy Center
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support clean energy initiatives within their technology.
- Grant
- Amount Raised: -
- Date: August 2020
- Lead Investors: Swiss Federal Office of Energy
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance energy efficiency in their operations.
- Series A
- Amount Raised: $10.1M
- Date: May 2021
- Lead Investors: The Westly Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale their operations and technology platform.
Total Amount Raised: $19.245M
Current Valuation: Not publicly disclosed
Key Investors
- The Westly Group
- Details: The Westly Group is a venture capital firm based in Menlo Park, California. It focuses on investing in companies that are transforming the energy, transportation, and industrial sectors.
- Investment Focus Areas: Clean energy, transportation, industrial technology.
- Notable Investments: Tesla, Redaptive, Enerkem.
- Swiss Federal Office of Energy
- Details: The Swiss Federal Office of Energy (SFOE) is the federal government's center of expertise for energy supply and use. It is responsible for ensuring a sustainable energy policy in Switzerland.
- Investment Focus Areas: Renewable energy, energy efficiency, sustainable mobility.
- Notable Investments: Not publicly disclosed.
- Massachusetts Clean Energy Center
- Details: The Massachusetts Clean Energy Center (MassCEC) is a state economic development agency dedicated to accelerating the growth of the clean energy sector across the Commonwealth.
- Investment Focus Areas: Clean energy, energy efficiency, renewable energy.
- Notable Investments: Greentown Labs, XL Fleet, SparkCharge.
- Tokyo Electric Power
- Details: Tokyo Electric Power Company (TEPCO) is Japan's largest electric utility, serving millions of customers in the Kanto region. It is involved in the generation, transmission, and distribution of electricity.
- Investment Focus Areas: Energy generation, smart grids, renewable energy.
- Notable Investments: Not publicly disclosed.
- 83North
- Details: 83North is a global venture capital firm with offices in Israel and London. It invests in exceptional entrepreneurs and companies across various stages and sectors.
- Investment Focus Areas: Technology, high-growth companies, innovation.
- Notable Investments: Waze, iZettle, Just Eat.
What's Next for Via?
Via's future is brimming with opportunities, driven by its recent $110 million funding round and a valuation of $3.5 billion. The company is poised to expand its product suite and provide comprehensive digital infrastructure for public mobility. With its technology already enhancing transportation in over 600 communities worldwide, Via can further optimize urban transit systems, making them more efficient, equitable, and sustainable.
As Via continues to grow, future fundraising opportunities are likely, supported by investor confidence and the increasing demand for smart transit solutions. However, the company will need to navigate challenges such as maintaining rapid growth, scaling its technology, and competing with other TransitTech firms. By staying ahead of industry trends and focusing on innovation, Via is well-positioned to lead the transformation of public transportation globally.
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