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News Article

Via Raises US$200 From EXOR

By MBN Staff | Tue, 03/31/2020 - 12:47

Via, the company that provides the digital infrastructure to power public mobility in cities around the world, has raised a Series E financing led by EXOR, a European holding company. EXOR will invest US$200 million in the company and Noam Ohana, Head of EXOR Seeds, EXOR’s early-stage investment arm, will join Via’s Board of Directors.

“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,” said Via co-founders Oren Shoval and Daniel Ramot in a statement. 

Via’s technology is said to power the next generation of public transportation, going from a rigid system to a dynamic network. Via’s algorithm aims to help multiple passengers or packages headed in the same direction, reducing urban congestion and emissions while providing high quality and lower cost mobility services. During the COVID-19 outbreak, the company says it is partnering with 100 public transport agencies, operators, companies and school districts, among others, to help move people and goods. 

“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,” said Chairman and CEO of EXOR John Elkann.

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