Isreali-based Ridesharing firm, Via Transportation Inc, has disclosed that it raised $130 million in new funding at a valuation of $3.3 billion.
Founded in 2012, the company has developed an on demand ride-sharing service. Its mobile app connects multiple passengers who are headed the same way, allowing them to share a vehicle.
According to an information gotten from the database of Start-up Nation Central, the firm with its offices in Tel Aviv and New York have raised over $900 million from investors including Shell Ventures, Hearst Ventures, Israeli VC firms, Pitango Ventures Capital and 83North.
The company said its revenue has doubled since last year to about $100 million.
The co-founders of Via, Oren Shoval and Daniel Ramot, said in a statement that this is the most exciting time in transportation in decades as cities around the world now recognize the critical role that technology can play in improving the efficiency and quality of their transit networks.
Via has operations in 35 countries and it plans to use the funding to expand into new markets, grow its employee base and develop more products and services.
