Microtransit app Via raises $200 million Series E

April 01, 2020
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by Chad Goldberg
Very important

With total funding now exceeding $500 million, the company's valuation more than doubled from $1 billion in 2017 to its current $2.25 billion. Compare that with ride-share competitor Uber losing roughly 45% of its value in the past 10 months, and it's clear that investors see promise in Via's solution. While the company says it will use a portion of the funds to continue to facilitate the emergency transport of essential goods and personnel amid current global conditions, we see an interesting opportunity for Via to continue developing valuable route optimization solutions for AV and EV companies, and specifically driverless taxi networks, that have not been able to focus their efforts on those specific capabilities.

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