Via Raising $100 Million, Fueling Yet Another Uber Rival in U.S.
- Transportation and auto companies consider backing startup
- Carpooling service competes with Uber and Lyft in NYC, Chicago
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Via Transportation Inc., which offers a carpooling service in several U.S. cities, is raising $100 million to expand its presence in the hyper-competitive market for ride-hailing apps.
Investors, including Israel’s Pitango Growth Fund, Russian billionaire Roman Abramovich and Poalim Capital Markets, kicked $70 million last month into the round. The New York-based startup is in talks to secure another $30 million in the coming weeks from strategic investors in the transportation and auto industries, said Via Chief Executive Officer Daniel Ramot. He declined to name them or comment on the startup’s valuation.