News Summary

• Via raised about $328 million in its IPO, while existing shareholders sold another $164 million worth of stock.
• Via initially launched in 2012 by deploying Via-branded shuttles that users could hail.
• Now that tech is its core business, it sells to 689 cities and transit agencies to power their microtransit.
• The company expects to earn around $429 million in revenue in 2025, a projection based on its quarterly revenue times four.
• But the company is still in the red, though that loss is shrinking.