Via, the digital infrastructure public mobility company, has said it has successfully raised £161 million in funding to help boost its growth ambition plans.
The financing values the company at £1.8bn and will enable Via to grow its business in more markets across the world.
Via’s technology powers on-demand shared transport services which it says can help cities move beyond a system of “rigid routes and schedules”.
The company’s mobile app can connect multiple passengers who are headed the same way, allowing riders to share a vehicle.
To date, the Via platform has provided over 70 million rides in 70 cities in 20 different countries.
Via co-founders Oren Shoval and Daniel Ramot said: “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.”
Shoval and Ramot said Via’s success so far has been achieved by working closely with over 100 partners across municipalities, public transit agencies, transportation operators, major corporations, schools, and universities to optimize their transport systems.