Transit-tech startup Via valued at $3.3 bln after latest funding round

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Nov 30 (Businesshala) – Via said on Tuesday it has raised $130 million in fresh capital as part of a late-stage financing round led by asset manager Janus Henderson, a $3.3-billion transit-tech startup. evaluates.

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The Series G funding also includes investments from accounts managed by BlackRock, ION Crossover Partners, Koch Disruptive Technologies and existing investor Exor.

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The New York-based company develops public mobility systems by manufacturing buses, shuttles, wheelchair-accessible vehicles, and a network of autonomous and electric vehicles. It plans to use the money to spur expansion into new markets, hire employees, and improve its products.

“We have seen time and time again how traditional industries change since the introduction of technology: fintech, healthtech, edtech… Transittech is next, and having created this category, Via is uniquely positioned to lead the way. ,” said Denny Fish, portfolio manager at Janus.

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Founded in 2012 with a few vans in New York City, Via raised $200 million in a previous funding round in March of last year, helping to double its revenue as demand for its software grew globally, according to a statement. It has partnered with 500 companies and has expanded its presence to 35 countries.

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Reporting by Mehnaz Yasmin in Bengaluru; Editing by Shailesh Kuber

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