Ride-Sharing Company Via Raises Series E Funding

New York-based ride sharing startup Via has just closed a massive round of funding.

The company recently announced that it had raised a Series E round led by EXOR, the holding company of Fiat’s Agnelli family.

EXOR will be investing $200 million in the company, with Noam Ohana — EXOR’s head of early stage investments — joining Via’s Board of Directors.

New investors Shell and Macquarie Capital also participated in the round, as did existing investors Pitango, 83North, Hearst Ventures, and Ervington Investments.

Via did not reveal how much it raised this round but did say that the Series E raised its valuation to $2.25 billion. Most of the funding will be used to advance the company’s “vision of efficient, accessible, and equitable public mobility.”

Commenting on the investment, John Elkann, chairman of EXOR and Fiat Chrysler Automobiles, said that “at this uniquely challenging moment it is more important than ever to work determinedly for the innovative and sustainable future beyond these difficult days,” adding that partnering with Via team “to support the development of their powerful problem-solving technology confirms our strong and positive engagement with them and underlines EXOR’s continuing commitment to building great companies for a better tomorrow.”

Photo: Exor S.p.A.