INSUBCONTINENT EXCLUSIVE:
Via, the transit software startup that garnered attention for its consumer-facing on-demand shuttle service, said it has filed
confidentially for an initial public offering.Via has been batting around plans for an IPO for years
The company filed confidentially for an IPO in 2021, but never took the next official and regulatory steps to enter the public markets
Its status as a confidential filing, however, leaves lots of missing details, including the number of shares to be offered and the price
range for the proposed offering have not yet been determined.When Via launched in 2012, there was little interest from cities in the
software platform, co-founder and CEO Daniel Ramot told A Technology NewsRoom in an interview several years ago
The company initially used consumer-facing Via-branded shuttles that users could hail
Over time, and using the massive amounts of data it collected through these services, Via improved its dynamic, on-demand routing algorithm,
650 cities in 30 countries, including San Francisco, Seattle, New York, Miami, and London
It also serves numerous small and medium-sized cities like Arlington, Texas and Sioux Falls, South Dakota
Via last raised funds from private markets in 2023 with a $110 million funding round that pushed its valuation up to $3.5 billion
Via has raised a total of $1 billion to date from a long list of investors that includes BlackRock, Exor, Janus Henderson, Macquarie
Capital, Mori Building, Shell, and 83North.
