Connect with us

Hi, what are you looking for?

Jewish Business News

Business

Israel’s Via Buys UK’s Citymapper for $100 Million

VIA

VIA CEO Daniel Ramot and CTO Oren Shoval (company pic)

Via, an Israeli startup and a unicorn that offers new TransitTech, has acquired UK-based journey planning app and transit technology company Citymapper. While the terms of the acquisition was not revealed, Calcalist reported that it was for $100 million.

The move comes just one month after Via first became a unicorn. The company hit a $3.5 billion valuation with a $110 million financing round led by 83North, with participation from new and existing investors.

And Via previously acquired website builder Remix in 2021 and fellow TransitTech firm Fleetonomy in 2020.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.

Founded in 2012, Citymapper has seen more than 50 million users in over 100 cities use its service to plan their journeys – using a combination of public transit, walking, cycling, scooters, taxis, and other locally available options. Users can plan a trip based on the criteria — transit mode, arrival time, trip duration, cost, etc. — that matter most to them, and Citymapper say that its app will help them select the best option and navigate their travel in real time.

Founded in 2012 by CEO Daniel Ramot and CTO Oren Shoval, Via boasts that it pioneered the TransitTech category by using new technologies to develop public mobility systems — optimizing networks of buses, shuttles, wheelchair-accessible vehicles, school buses, autonomous vehicles, and electric vehicles around the globe.

“The team at Citymapper has spent a decade building some of the greatest technology in urban mobility, with the mission to make cities easier to navigate and urban transportation more efficient, sustainable, and accessible,” said Citymapper founder and CEO Azmat Yusuf. “We share this vision with Via, and through this acquisition, can expand Citymapper to a larger audience, make our technology available to cities and transit agencies, and extend the positive impact on the communities we serve.”

“We have the utmost respect for the world-class product and user experience that Azmat and his team have built,” said Via co-founder and CEO Daniel Ramot. “By bringing our teams together, we see an exciting opportunity to deliver Citymapper’s capabilities to cities and transit agencies all over the world, so that they can create the most user-friendly and relevant transit experience for their communities.”

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

Copyright © 2021 Jewish Business News