Via Transportation, Inc. (NYSE: VIA)

Via Transportation, Inc. transforms antiquated public transportation systems into smart, data-driven, and AI-powered digital networks. The company addresses a significant gap in the $545 billion global public transportation market by leveraging cutting-edge software and technology-enabled services to modernize transit systems. Via's solutions are designed to replace fragmented legacy systems, consolidating operations across silos to drive meaningful efficiencies. The company's platform is particularly focused on addressing the challenges faced by government agencies and private organizations responsible for providing public transportation, including maintaining reliable and affordable service amidst continuously changing traffic and ridership patterns.

Via generates revenue through a subscription-based model, offering a comprehensive platform of software and technology-enabled services. The company's primary products include the Via Operations Console, Planning Software, Integrated Transit, Fixed-Route Scheduling, and various passenger tools such as white-labeled rider apps and the Citymapper application. Via's customer base is diverse, ranging from large metropolitan transit agencies like New York City's MTA to smaller, rural transit systems such as the Blackfeet Reservation in Montana. The company serves a broad spectrum of customers, including government agencies, universities, and corporations, all of which require efficient and affordable public mobility solutions.

• Planning and Scheduling: This segment includes the Planning Software, which leverages over 15,000 data sets to simulate and quantify the impact of changes to transit networks. It allows cities to design and plan better transit systems and street networks. The Integrated Transit feature enables planners to configure networks that leverage smart algorithms to make real-time decisions on the best mode of transit to serve a particular trip. The Fixed-Route Scheduling tools allow agencies to operationalize and provide detailed cost analysis of their fixed-route bus plans based on GTFS data and various parameters.

• Operating Software: The Via Operations Console provides sophisticated automations that minimize manual intervention by dispatchers. It includes real-time performance management capabilities, fleet and driver management modules, rider management features, and data analytics and reporting tools. The Console allows customers to view every vehicle and passenger on the road across all their services, giving them the ability to monitor and control their operations in real-time.

• Technology-Enabled Services: Via offers a suite of services to facilitate the adoption of its software, including driver management, fleet management services, autonomous vehicle integration, and customer support. These services can be provided by Via or through a curated ecosystem of third-party providers and are fully integrated into the company's software.

• Passenger Tools: Via provides consumer-grade applications to allow passengers to seamlessly plan, book, and pay for their end-to-end transit journeys. These include white-labeled rider apps and the Citymapper application, which offers intuitive journey-planning capabilities and real-time travel information.

• Data and Insights: The Via platform generates deep data insights communicated in a clear and digestible format, enabling customers to continuously optimize and report their performance. The platform leverages machine learning to ingest learnings from hundreds of millions of data points, continuously improving system efficiency and the overall customer and rider experience.

Via holds a leading position in the public transportation technology sector, distinguished by its end-to-end vertically integrated platform that combines software and services. The company's competitive advantages include its highly configurable software, proprietary algorithms, and extensive data advantage, which allows for continuous improvement in performance. Via's expertise in government sales and public procurements, along with its sophisticated go-to-market strategy, further solidifies its market leadership. The company's brand recognition and reputation have established it as the category leader, with a proven track record of winning new customers and expanding existing customer relationships.

Via serves a diverse set of customers, including government agencies, universities, and corporations. As of December 31, 2025, the company had 821 customers in more than 30 countries, with contracts leveraging a subscription-based model that are typically multi-year and include a volume component. The company's ability to expand its relationships with customers is driven by the operational success and economic impact of its solutions, often leading to further growth and expansion. Via's mission-driven approach and commitment to excellence in every solution developed have positioned it as a trusted partner in the public transportation sector.