Via Sees A Shared Future, Starting with the NYC Congestion Surcharge

Published December 19, 2018 9:00 am, Via NYC
Via Sees A Shared Future, Starting with the NYC Congestion Surcharge
Via riders saved more than $90M in New York by sharing rides in 2018

Via, the leading provider of shared rides in New York City, sees the congestion surcharge, effective January 1, as the next step in a greater vision of shared mobility in New York and around the globe. The congestion surcharge increases consumer focus on how we commute, and the low cost of the surcharge for shared rides as compared to private is a recognition that shared rides are a key piece of working towards solving the issue of congestion in our cities– something Via has been committed to since day one.

In 2018 alone, Via riders in New York saved more than $90M and 9.2M pounds of CO2 by sharing rides versus traveling private. More than 400K Via routes this year in New York City had least 5 pickups, and 95% of our rides since launch in 2013 in New York are booked as shared, which is significant as compared to self-reported data from Uber (20%) and Lyft (35%) overall.

“We applaud New York for treating shared rides differently than private rides when it comes to the cost of the surcharge, and we at Via see this as the next step in a greater vision of shared mobility here at home and worldwide. In fact, cities are already using Via’s technology to power their own shared transit, helping to bridge the gap between public transportation and private vehicles, reducing single occupancy vehicles on the road,” said Daniel Ramot, CEO and co-founder of Via.

Via introduced its dynamic routing technology for efficient shared rides in 41 new markets in 2018, 38 of which were partnerships with cities and organizations committed to evolving mobility for their residents, employees or students, for example. From Singapore where Via recently launched a dynamic, on-demand public bus service to Arlington, TX where the city replaced its fixed bus line with a fleet of Via’s vehicles to LA where Via is launching a service with LA Metro early this year—this is a world in which Via is well-versed.

Via’s platform and technology were designed to make sharing work, and this is what has separated Via from its competitors from day one. In fact, the TLC reported in 2018 that Via has the highest utilization rate of any for-hire vehicle service in New York City, highlighting the congestion reducing benefits of Via’s shared platform built on the bedrock of efficient, dynamic routing and “virtual bus stops” that match passengers headed in the same direction into a shared vehicle. The NYC Department of Transportation (DOT) took note, as Via is the only ride hailing organization that has been actively working with the DOT in New York to address congestion through shared rides with Gridlock Alert Days.

About Via:

Via is re-engineering public transit, from a regulated system of rigid routes and schedules to a fully dynamic, on-demand network. Via’s mobile app connects multiple passengers who are headed the same way, allowing riders to seamlessly share a premium vehicle. First launched in New York City in September 2013, the Via platform currently operates in the United States, and in Europe through its joint venture with Mercedes-Benz Vans, ViaVan. Via’s technology is also deployed worldwide through partner projects with public transportation agencies, private transit operators, taxi fleets, private companies, and universities, seamlessly integrating with public transit infrastructure to provide the most cutting edge on-demand mobility innovation.

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AEye’s $40M Series B Includes Numerous Automotive Leaders Including Subaru, Hella, LG, and SK

Strategic Automotive Investors Support AEye’s iDAR™ Technology Approach in Addressing the Perception Needs of Both ADAS and Mobility Markets
“The AEye investment aligns perfectly with SUBARU’s aim to invest in leading-edge technology to advance our assisted and autonomous driving efforts. AEye is a front-runner in developing accurate, low-latency, low cost perception systems, and we anticipate great synergy in working with AEye towards safe, reliable vehicle autonomy.”

Pleasanton, CA – December 19, 2018 – AEye, a world leader in artificial perception systems and the developer of iDAR™, today announced the second close of its Series B financing,
bringing the company’s total funding to over $60 million. AEye Series B included global automotive OEM, Tier 1 and Tier 2 strategic investors Hella Ventures, SUBARU-SBI Innovation Fund, LG Electronics, and SK Hynix. AEye previously announced that the round was led by Taiwania Capital along with existing investors Kleiner Perkins, Intel Capital, Airbus Ventures, R7 Partners, and an undisclosed OEM. Series B will be used to scale AEye’s operations to meet global demand for its artificial perception systems for both ADAS and Mobility solutions.

AEye takes a disruptive approach to vehicle perception by putting intelligence at the sensor layer and making it extensible and controllable via a software-driven architecture. AEye’s iDAR is the first and only perception system that can easily scale from modular ADAS solutions to complete 360-degree vision for Mobility applications. iDAR physically fuses the industry’s only 1550nm, solid-state, agile LiDAR with a hi-resolution camera to create a new data type called Dynamic Vixels. This real-time integration occurs in the IDAR sensor, rather than post fusing separate camera and LiDAR data after the scan. By capturing both geometric and true color (x,y,z and r,g,b) data, Dynamic Vixels uniquely mimic the data structure of the human visual cortex, capturing better data for vastly superior performance and accuracy.

“This funding marks an inflection point for AEye, as we scale our staff, partnerships and investments to align with our customers’ roadmap to commercialization,” said Luis Dussan, AEye founder and CEO. “The support we have received from major players in the automotive industry validates that we are taking the right approach to addressing the challenges of artificial perception. Their confidence in AEye and iDAR will be borne out by the automotive specific products will be bringing to market at scale in Q2 of 2019. These products will help OEMs and Tier 1s accelerate their products and services by delivering market leading performance at the lowest cost.”

“The AEye investment aligns perfectly with SUBARU’s aim to invest in leading-edge technology to advance our assisted and autonomous driving efforts,” said Itaru Ueda, Manager of SUBARU-SBI Innovation Fund. “AEye is a front-runner in developing accurate, low-latency, low cost perception systems, and we anticipate great synergy in working with AEye towards safe, reliable vehicle autonomy.”

Built on a robust and rapidly-growing patent portfolio, AEye’s iDAR recently set a new benchmark for solid state LiDAR range. In performance tests validated by VSI Labs, iDAR acquired and tracked targets at more than 1000 meters and at scan rates exceeding 100 Hz – a major breakthrough in speed and long-range threat detection.

AEye has also recently announced the appointment of Blair LaCorte as president. An accomplished executive and strategist, LaCorte brings extensive leadership experience to the company as it scales global operations.

For more information about AEye and its innovative approach to artificial perception, please visit us at CES booth #2100 at the Westgate Convention Center, Las Vegas.

Media Contact:

AEye, Inc.
Jennifer Deitsch
[email protected]

925-400-4366

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