Just over a year ago I wrote about a startup in New York with Israeli roots both in people and idea: Via.
Well they just raised a massive $100 million round of financing to expand their operation. I dearly hope they’re allowed to operate here in Israel.
Having just used Uber quite a bit in London I can tell you that if we had a real system like that in Israel I’d easily consider dumping my car. Via is an even bigger idea.
Via grabs $100 million to expand its services in and beyond New York and Chicago (image, Via via Instagram)
Not just another Uber, this company could change public transportation as we know it
Israeli cooperative transportation startup Via announced a $100 million Series C investment Thursday in a round led by Pitango Growth, Poalim Capital Markets, and C4 Ventures. Other investors include 83North, Ervington Investments and Hearst Ventures.
“Via is creating the public transit system of the future,” said CEO Daniel Ramot and VP of Development Oren Shoval, co-founders of Via in their communiqué to the press. “With existing transportation infrastructure straining and in some cases failing to meet rising demand across the globe, Via’s dynamic bus system offers cities a smart solution to traffic congestion and emissions. We’re delighted to have secured significant backing for our vision: eliminating single-occupancy vehicle trips by creating a mass transit system powered by advanced algorithms and data.”