Technology

Investing in the future of transport with Via

How Macquarie Capital supported Via’s next stage of growth, contributing to a $US2+ billion Series E cap raise

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Sector Technology
Subsector Transport
Location Americas

Opportunity

Via is an on-demand transit provider focused on shared rides, with services in 20+ cities and more than 700 million global rides to-date.1

Via’s algorithm efficiently combines rides headed in the same direction in real-time, significantly reducing urban congestion and emissions while providing a high-quality and low-cost mobility service. In early 2020, Via initiated a fifth round of financing to further advance its vision of a more efficient, accessible and equitable public mobility model.


Approach

In a Series E financing led by EXOR, Macquarie Capital contributed to a capital raise that values the company at $US2.25 billion.

Macquarie’s investment was backed by the firm belief in Via as the mobility-tech platform with great long-term potential. The opportunity to create value through a strategic partnership with Via was equally important, including jointly pursuing organic and inorganic growth opportunities and leveraging the Via technology in Macquarie-backed public-private partnerships.

Outcome

Via’s emergency services and transit network optimisation expertise is being utilised across the world in locations as diverse as Berlin, Ohio, and Malta to support communities impacted by COVID-19.

Macquarie Capital has built strong and trusted relationships with key stakeholders of Via, working with the company to reach its shared goal of next-gen transportation infrastructure that is scalable, energy-efficient, technology-led and affordable.

During the global COVID-19 pandemic, Via co-founders Oren Shoval and Daniel Ramot said the company will focus on applying “its technology and operational expertise to assist cities with optimising transit networks, transporting essential workers and delivering goods and services to individuals in need.” Via’s emergency services and transit network optimisation expertise are being utilised across the world in locations as diverse as Berlin, Ohio, and Malta to support communities impacted by COVID-19.

  1. Figures as of 28 April 2020

Daniel Ramot, co-founder and CEO of Via, discusses the future of transport and how ride-sharing services are set to transform the way commuters go about their day-to-day travel.

“We are excited to deepen our partnership with Via. Their fully automated platform enables communities to adjust their service levels in real time to all scenarios of economic activity or public health requirements.”

Stephan Feilhauer, Managing Director, Macquarie Capital

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