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Via Ipo

All articles tagged with #via ipo

technology4 months ago•6 min saved

Via's $492.9M IPO and German Automakers' Strategic Push

Via raised $492.9 million in its IPO, valuing the company at $3.7 billion, while German automakers like VW, Mercedes, and BMW showcased new electric vehicles at the IAA Mobility conference, emphasizing their efforts to compete with Chinese automakers in Europe. Hyundai is investing further in its autonomous vehicle unit Motional, and various startups in transportation and battery tech secured funding or announced new initiatives. The transportation sector continues to see significant innovation and investment, with upcoming events like TechCrunch Disrupt 2025 highlighting industry leaders.

via TechCrunch|

#electric-vehicles #german-automakers #ipo

business4 months ago•2 min saved

Via's IPO Raises $493 Million Despite Slightly Above IPO Price Trading

Via's IPO opened slightly below its $46 share price but recovered to close just above it, valuing the company at around $3.9 billion. The company raised nearly $493 million, with proceeds aimed at growth and potential acquisitions. Despite still being in the red, Via is close to profitability and emphasizes its focus on supporting local government transit, especially benefiting low-income and disabled riders.

via TechCrunch|

#business #growth #microtransit