Via acquires mobility planning startup Remix for $100m
StateUp 21 member Remix has been acquired by mobility startup Via for $100m. Here’s what you need to know.
What’s interesting about Remix?
- San Francisco-based Remix, a collaborative mapping platform for transportation decision-making, offers a suite of products aimed at helping municipal workers make better mobility decisions.
- They prioritise collaboration and interoperability, making it easy to download data and share potential plans including between city planners and policy decision makers.
- Mobility data is hot property for city infrastructure planning, but can be siloed, difficult to visualise, and hard to understand. Remix’s user-friendly approach has led to an impressive range of contracts: reportedly 340+ cities and agencies across 5 continents, including San Francisco, Miami, Sydney, NYC, and London.
What does the Via acquisition mean for Remix?
- According to CEO Tiffany Chu, Remix’s strength is in planning, while Via brings expertise in software and operations.
- “By having those two strengths come together, we can be much stronger as an end-to-end solution — from the initial genesis of this idea around transportation planning and carrying that through to operations — in a way that we, individually, would not have been able to achieve otherwise,” Chu said.
- Via is valued at over $2 billion, as of March 2020. While the company initially focused on ride sharing, it has since pivoted to providing tailored services to help solve local governments’ transportation needs.
To learn more, read our full StateUp 21 profile of Remix here.