This content is not available in your region

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

By Reuters

<div> <p> – 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, valuing the transit-tech startup at $3.3 billion. </p> <p>The Series G funding also includes investments from accounts managed by BlackRock, <span class="caps">ION</span> Crossover Partners, Koch Disruptive Technologies and existing investor Exor. </p> <p>The New York-based company develops public mobility systems by building a network of buses, shuttles, wheelchair-accessible vehicles and autonomous and electric vehicles. It plans to use the funding to fuel expansion into new markets, hire employees and improve its products.</p> <p>“We’ve seen time and time again how traditional industries are transformed by the introduction of technology: FinTech, HealthTech, EdTech… TransitTech is next, and having created this category, Via is uniquely positioned to lead it,” Denny Fish, portfolio manager at Janus, said.</p> <p>Founded in 2012 with a few vans in New York City, Via raised $200 million in a previous funding round in March last year that helped it 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. </p> <p/> </div>