Via Acquires Fleetonomy to Meet Rapidly Growing Demand for Logistics
PR Newswire | October 06, 2020
Via, the world's preeminent provider of digital infrastructure for public mobility systems, announces today that it has acquired Fleetonomy, a leading developer of advanced fleet management software. The acquisition accelerates Via's expansion beyond public transit and strengthens its ability to meet increasing global demand for efficient, flexible solutions for logistics and delivery. Following its Series E financing led by Exor in March at a $2.25B valuation, the transaction represents an important step towards realizing Via's vision of using technology to shape the future of transportation of people and goods in cities around the world. Fleetonomy was founded in 2017 by CEO Israel Duanis and CTO Lior Gerenstein, with the vision of building the next generation of fleet management and optimization platforms, suitable for the challenges and opportunities that came with the shift to fleet-based on-demand services. In a few short years, the company partnered with a roster of notable brands ranging from Toyota to BP, asserting itself as the gold standard in fleet management technology. Via's technology is currently used by more than 150 cities and transit operators across the globe to power intelligent transit and, increasingly, delivery platforms. The need for essential transit services and goods delivery has continued to grow during the pandemic, and Via plans to apply Fleetonomy's technology and expertise in demand prediction and fleet utilization to advance its digitally-powered logistics solutions.