Via, a pioneer in transit technology, announced Thursday that it has acquired Citymapper, a UK-based premier journey planning app and transit technology company. Terms of the transactions are not disclosed.
Citymapper, which has over 50 million users in over 100 cities, provides technology for local transportation planning using a combination of walking, cycling, public transit, taxis and other available options. The platform selects the best navigation route for users based on preferred transit modes, arrival time, trip duration and cost.
Via optimizes public mobility systems by leveraging technology to build efficient, equitable, and sustainable transportation networks in over 35 countries. The company raised $110 million in February 2023 with the goal of expanding its digital infrastructure. The acquisition of Citymapper follows the company’s acquisitions of Fleetonomy in 2020 and Remix in 2021.
Citymapper will become integrated with Via’s platform to build an end-to-end technology solution for transit systems. The Citymapper app will continue to be available for its users worldwide. As part of the acquisition, transit agencies and cities will benefit from a full mobility-as-a-service (“MaaS”) solution that enables transit agency riders to plan and book journeys across multiple modes of transit informed by delays, service disruptions, and route closures.
“We have the utmost respect for the world-class product and user experience that Azmat and his team have built,” said Daniel Ramot, Via co-founder and CEO. “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.”
Tags: mergers and acquisitions, public transportation, transit, travel technology