Via buys mapping startup Remix for $100M
March 12, 2021
Via has acquired Remix, a collaborative mapping platform for transportation planning and decision-making. The acquisition brings together world-class technology solutions to fully support the transportation community in multimodal planning, scheduling, and operating on-demand and fixed-route transit, paratransit, and school buses.
Remix was founded in 2014 in San Francisco as a grassroots, easy-to-use transit planning platform. The company secured investments from Sequoia, Y Combinator, and Energy Impact Partners to quickly expand and provide collaborative technology for planning public transit, managing shared mobility, and designing safer street networks. Today, Remix works with 350-plus local governments in 22 countries across five continents and is used to design hundreds of city transportation systems, improving the lives of more than 240 million people worldwide.
Via has pioneered the “TransitTech” category by providing the digital infrastructure for public mobility systems, optimizing networks of dynamic shuttles, buses, wheelchair accessible vehicles, school buses, and autonomous vehicles to meet the needs of large cities and smaller communities around the world. The company works with more than 200 partners in 24 countries to provide efficient, accessible, and cost-effective transit solutions. The acquisition brings together complementary capabilities to help transportation planning, innovation, and operations teams respond to changing demands, often in real-time. Together, Via and Remix can help cities and agencies use technology to be flexible, resilient, and responsive, according to company officials.
Via started as a on-demand shuttle operator in 2012. The company, which last year hit a $2.25 billion valuation after raising $400 million in a Series E round, has evolved from its initial consumer-facing focus.
Today, Via’s core business is its software and operations platform, which is used by cities and transportation authorities to plan, schedule and deploy their own on-demand and fixed-route transit, paratransit and school buses. Via has 200 partners in 24 countries.
Via is backed by Exor (the Agnelli family holding company that owns stakes in PartnerRe, Ferrari and Fiat Chrysler Automobiles), as well as Macquarie Capital, Mori Building, Shell 83North, Broadscale Group, Ervington Investments, Hearst Ventures, Planven Ventures, Pitango and RiverPark Ventures.