FreshBus Raises $3.1 Million for Electric Buses Across India
Skift Take
Travel Startup Funding This Week
Each week we round up travel startups that have recently received or announced funding. Please email Travel Tech Reporter Justin Dawes at jd@skift.com if you have funding news.Four travel tech startups raised $121.3 million this week.
>>Via, which provides operations tech for public and private ground transportation, raised $110 million, valuing the company at $3.5 billion.
It was led by 83North, with participation from new and existing investors including Exor N.V., Pitango, Janus Henderson, CF Private Equity, Planven Entrepreneur Ventures, Riverpark Ventures, and ION Crossover Partners.
The Via software platform helps cities and transit agencies plan multi-modal transportation networks and respond to quickly changing needs, using data to optimize performance. The software can work with buses, shuttles, wheelchair accessible vehicles, school buses, autonomous vehicles, and electric vehicles.
The company said it has had a strong year as transit agencies are increasingly looking to digitize and improve efficiency. The company said its annual revenue run rate surpassed $200 million last year, more than doubling since the previous financing round in Nov. 2021.
Via plans to use the funding toward expanding its product offerings and moving into new geographies and market segments.
The Via products are used by
