Country for PR: United States
Contributor: PR Newswire New York
Tuesday, March 31 2020 - 04:20
AsiaNet
Via raises Series E financing to expand access to efficient, sustainable, and equitable public mobility across the globe
NEW YORK, March 31, 2020 /PRNewswire-AsiaNet/ --

-- John Elkann, Chairman and CEO of EXOR, lead investor in the financing: "More 
important than ever to work for an innovative and sustainable future."

Via, the company that provides digital infrastructure to power public mobility 
in cities around the world, announces today that it has raised a Series E 
financing led by EXOR. The financing values the company at $2.25B and will 
enable Via to advance its vision of efficient, accessible, and equitable public 
mobility.

Photo - https://mma.prnewswire.com/media/1139193/Via_App_Metris.jpg 
Logo - https://mma.prnewswire.com/media/944105/Via_Logo.jpg 

Via's technology powers the next generation of public transportation, helping 
cities move beyond a system of rigid routes and schedules to a fully dynamic 
network. Via's algorithm efficiently combines, in real time, multiple 
passengers or packages headed in the same direction, significantly reducing 
urban congestion and emissions while providing a high quality and lower cost 
mobility service. Available in more than 70 cities in 20 countries, and growing 
rapidly, Via is the world's leading provider of technology-enabled public 
mobility solutions. To date, the Via platform has provided over 70 million 
rides around the world. Via's success has been achieved by working closely with 
its more than 100 partners across municipalities, public transit agencies, 
transportation operators, major corporations, schools, and universities to 
optimize their transport systems.

Building on its deep understanding of transit networks, ability to provide 
efficient on-demand and pre-scheduled transport, and highly modular platform, 
Via is actively supporting cities during this critical time, helping partners 
provide emergency transit of goods as well as essential personnel. Via's 
emergency services and transit network optimization expertise are being 
utilized across the world in locations as diverse as Berlin, Ohio, and Malta, 
to support communities impacted by COVID-19.

Leading Via's Series E financing, EXOR will invest $200M in the company, and 
Noam Ohana ¬— head of EXOR Seeds, the early stage investment arm of EXOR — 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. 

Via Co-founders Oren Shoval and Daniel Ramot said, "We are honored to partner 
with John, Noam, and the EXOR team to help cities provide accessible, 
affordable, and environmentally-friendly transit to their residents. Especially 
in these difficult times, we greatly value EXOR's commitment to Via's vision of 
a dynamic, data-driven public mobility system that provides more cost-effective 
and equitable transport to communities everywhere. During this emergency 
period, we are proud to apply our technology and operational expertise to 
assist cities with optimizing transit networks, transporting essential workers, 
and delivering goods and services to individuals in need." 

Commenting on the investment, John Elkann, Chairman and Chief Executive Officer 
of EXOR said: "At this uniquely challenging moment it is more important than 
ever to work determinedly for the innovative and sustainable future beyond 
these difficult days. Partnering with Daniel and Oren and their outstanding 
team to support the development of their powerful problem-solving technology 
confirms our strong and positive engagement with them and underlines EXOR's 
continuing commitment to building great companies for a better tomorrow."

About Via
Via is reimagining how the world moves, from a system of rigid routes and 
schedules to fully dynamic networks. Via's mobile app connects multiple 
passengers who are headed the same way, allowing riders to seamlessly share a 
premium vehicle. First launched in New York City in 2013, Via's technology is 
now deployed globally, including in Europe as ViaVan ( 
https://c212.net/c/link/?t=0&l=en&o=2764111-1&h=3207317302&u=https%3A%2F%2Fwww.viavan.com%2F&a=%C2%A0ViaVan 
). Today Via and ViaVan partner with over 100 public transportation agencies, 
private transit operators, taxi fleets, private companies, school districts, 
and universities, seamlessly integrating with transportation infrastructure to 
power cutting-edge mobility. For more information, visit www.ridewithvia.com.

About Exor
EXOR is one of Europe's largest diversified holding companies controlled by the 
Agnelli family. For over a century, EXOR has made successful investments and 
built great companies worldwide with a culture that combines entrepreneurial 
spirit and financial discipline. With a Net Asset Value of around $26bn as at 
31st December 2019, its portfolio is principally made up of companies in which 
EXOR is a leading shareholder: PartnerRe, Ferrari, Fiat Chrysler Automobiles, 
CNH Industrial, Juventus FC and The Economist Group.

SOURCE: Via

CONTACT: press@ridewithvia.com
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