Investors took a cautious approach to transporting software startup VIA’s IPOs on Friday, bringing a slightly higher recovery at the end of the day after the stock fell below the company’s IPO price.
The company, which first filed for confidentiality for the IPO in July, priced the IPO at $46 per share, raising $492.9 million. These stocks slipped to $44 when the stock began trading on Friday afternoon, then returned to green and closed above $49. The modest profits go through around $3.9 billion at the end of the first trading day.
The company raised approximately $328 million through the IPO, but existing shareholders sold another $164 million worth of shares, bringing the total transaction size to nearly $493 million.
“I am very pleased with the results of today’s IPO. I think this is a testament to the value and durability of the company,” CEO Daniel Ramot said. “We are grateful for the feedback and support from our teams, partners and investors that made this milestone possible.”
It was first released in 2012 and was launched and developed a branded shuttle that users can call. Over time, we improved our on-demand routed algorithm through. It uses real-time data to route microtransit shuttles wherever they need them most. This Tech is its core business, selling to 689 cities and transport systems to enhance microtrans.
Ramot told TechCrunch that it will use the revenue to invest in growth, sales and marketing. And perhaps even a future acquisition.
“We’re not trying to raise funds to promote our business,” Ramott said. “There may be an opportunity to use public stock earnings and currencies to make interesting acquisitions like those made with Remix or CityMapper.”
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Through CityMapper for 2021 Bus Planning, and 2023 Journey Planning. Lamott said it is open to other complementary acquisitions rather than acquisitions to gain market share.
This is an increase of approximately 30% year-on-year through revenue. The company told TechCrunch it expects to earn around $429 million in revenue in 2025.
It closed the first six months of 2025, earning $205.7 million in revenue. But even though the losses have been reduced, the company is still red. The first six months of 2025 ended with a loss of $37.5 million, up from $50.4 million the previous year.
Ramot said Via is close to profitability, but refused to make any particular predictions.
Management says Via’s growth is evidence that government customers can maintain a favorable business.
“Most tech companies that are published don’t focus on local government support,” he said, adding that the technology will primarily benefit riders of micro-transit and para-transit systems.
“Low-income people, people with disabilities, students – these are the demographics we usually support,” he said. “It’s really nice to see investors actually support it.”
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