We are happy to announce that our portfolio company Fleetonomy was acquired by ride-hailing startup Via!

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.  It employs AI to deliver actionable insights to maximize inventory and promote proactive maintenance. The customers include Audi, Toyota, Jaguar Land Rover, and other mobility space incumbents.

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.

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.