LeBron James Lands Lifetime Deal With Nike Reportedly Worth More Than $1 Billion

LeBron James Lands Lifetime Deal With Nike Reportedly Worth More Than $1 Billion

How to set up and use Android Pay in the UK: Add credit, debit or loyalty cards

How to set up and use Android Pay in the UK: Add credit, debit or loyalty cards

City carpooling service Via picks up $70M further funding, another $30M to come

Technology 5 May 2016


Via bills itself as an ‘on-demand transit company’ and in some ways is competing with Uber, specifically within the city carpooling space. Today the company announced $100 million in Series C funding, when actually only $70 million of that has closed, with, we’re told, another $30 million in strategic investment to come in the coming weeks. Who that will be from, Via isn’t saying.

What we do know is that the C round is being led by Pitango Growth, with participation from a number of other VCs and family offices including Poalim Capital Markets and C4 Ventures. Previous backers Ervington Investments (the investment vehicle of Russian mogul Roman Abramovich), Hearst Ventures, and 83North also participated. The funding, when it fully closes, will bring Via’s total investment to $137 million.

READ  Three named worst network for 4G coverage in Which? study

“Via is creating the public transit system of the future,” said Daniel Ramot and Oren Shoval, co-founders of Via, in a jointly canned statement. “With existing transportation infrastructure straining and in some cases failing to meet rising demand across the globe, Via’s dynamic bus system offers cities a smart solution to traffic congestion and emissions. We’re delighted to have secured significant backing for our vision: eliminating single-occupancy vehicle trips by creating a mass transit system powered by advanced algorithms and data.”

That Via’s founders refer to the car pooling service, which currently operates in New York City and Chicago, as a “public transit system” fits with how the company is attempting to differentiate itself from ride-sharing competitors and official public transport: by using data and smart algorithms it wants to be nearer a price point of taking a bus but with the flexibility a private hire vehicle.

READ  IBM inks video deals with AOL, CBC, more; debuts quality live-stream over ‘commodity’ Internet

Or as Via co-founder Ramot told TechCrunch in April last year, “we’re positioned in a unique space between a bus and an Uber.” That mean that a people-carrier in the Via network will typically hold between 5 and 8 people, with a ride rarely only being taken by a single user.

The startup claims to able to achieve this by dynamically matching passengers with available seats instead of entire vehicles, while its smart routing enables passengers to be picked up and dropped off “in an endless stream, without taking riders out of their way to accommodate other passengers”.

Source

http://feedproxy.google.com/~r/techcrunch/startups/~3/gPpLm1i3EV0/
 
 
For all other news on the Technology

Benzer İçerikler

How to set up and use Android Pay in the UK: Add credit, debit or loyalty cards

How to set up and use Android Pay in the UK: Add credit, debit or loyalty cards

Yorumlar

Henüz hiç yorum yapılmamış.

Sorry, comments for this entry are closed at this time.

İlginizi Çekebilir
Android Pay released in the UK: expected release date and supported banks

Android Pay released in the UK: expected release date and supported banks

18 May 2016
Android Pay released in the UK: expected release date and supported banks

Android Pay released in the UK: expected release date and supported banks

18 May 2016
How to watch Google I/O live stream, live blog: What to expect Google I/O

How to watch Google I/O live stream, live blog: What to expect Google I/O

18 May 2016
How to watch Google I/O live stream, live blog: What to expect Google I/O

How to watch Google I/O live stream, live blog: What to expect Google I/O

18 May 2016
Apple to Open App Development Center in India in Early 2017

Apple to Open App Development Center in India in Early 2017

18 May 2016
New Dark Souls 3 Mod Will Allow Players To Control Bosses

New Dark Souls 3 Mod Will Allow Players To Control Bosses

18 May 2016
New Dark Souls 3 Mod Will Allow Players To Control Bosses

New Dark Souls 3 Mod Will Allow Players To Control Bosses

18 May 2016
What is Google Home? Google Home UK release date rumours

What is Google Home? Google Home UK release date rumours

18 May 2016
What is Google Home? Google Home UK release date rumours

What is Google Home? Google Home UK release date rumours

18 May 2016
How to watch the Europa League final 2016

How to watch the Europa League final 2016

18 May 2016
Bunlar da var!
Why Memoirs By Dying Authors Are Always So Popular (And Critic-Proof)

Why Memoirs By Dying Authors Are Always So Popular (And Critic-Proof)

21 January 2016
Red-Band Trailer: Ben Wheatley's

Red-Band Trailer: Ben Wheatley's "High-Rise"

4 March 2016
How To Throw A Dinner Party

How To Throw A Dinner Party

25 January 2016
833 POLICE PREMIUM DENIM

833 POLICE PREMIUM DENIM

21 March 2016
Andy Cohen Gives An Update On Teresa Giudice's Life After Prison — Nicknames Her 'Namaste Teresa'!

Andy Cohen Gives An Update On Teresa Giudice's Life After Prison — Nicknames Her 'Namaste Teresa'!

30 January 2016
#CCMUSIC Introducing SAFIA

#CCMUSIC Introducing SAFIA

9 March 2016
Kanye West Slams Deadmau5 In Twitter Feud With Minnie Mouse Digs

Kanye West Slams Deadmau5 In Twitter Feud With Minnie Mouse Digs

3 March 2016
Doom: Impressive Gameplay and Unimpressive Cover Art Revealed

Doom: Impressive Gameplay and Unimpressive Cover Art Revealed

5 February 2016
5 Insane Friday The 13th Curses Every Weed Smoker Should Beware Of

5 Insane Friday The 13th Curses Every Weed Smoker Should Beware Of

13 May 2016
3 Indonesian Fashion Designers to Know Now

3 Indonesian Fashion Designers to Know Now

18 April 2016
Nvidia Pascal GTX 1080 8GB & 1070 Launching This Summer – To Debut In April At GTC 2016

Nvidia Pascal GTX 1080 8GB & 1070 Launching This Summer – To Debut In April At GTC 2016

12 March 2016