Car-share service Via has acquired fleet-management software provider Fleetonomy in a bid to expand its footprint into logistics and delivery.
Terms of the deal were not disclosed.
With Fleetonomy, Via is looking to expand beyond public transit and meet the growing demand for last-mile goods delivery.
New York-based Via says it has seen the need for essential transit services and goods delivery grow due to the coronavirus pandemic, and Fleetonomy’s technology and expertise in demand prediction and fleet utilization will help Via advance its logistics solutions.
Founded in 2017, Fleetonomy’s technology helps fleet owners and mobility service providers launch their own app-based mobility services and increase vehicle utilization rates. The Tel Aviv, Israel-based company’s partners include Toyota, BP and Audi.
Via’s technology is currently used by more than 150 cities and transit operators across the globe. The company, founded in 2012, offers on-demand and pre-scheduled transport services to support municipalities, transit agencies, schools, nonprofit organizations and, increasingly, delivery platforms.
"Today is a very exciting milestone for our company. When [co-founder and CTO Lior Gerenstein] and I founded Fleetonomy three years ago, we had a very big mission in mind - to provide a new way of managing fleet-based services. We believe that providing a data-driven, efficient and reliable suite of solutions will help our customers become leaders of the on-demand economy,” says Israel Duanis, co-founder and CEO of Fleetonomy.
"By joining Via, we will be able to expand and extend this mission and work together on Via's great vision of changing the landscape of transportation."
In March, Via raised a Series E round led by EXOR that valued the company at $2.25 billion.