Via Transportation announced the acquisition of Downtowner, a microtransit technology provider that serves destination cities such as Aspen, Park City and Truckee, on December 15 2025. The deal adds Downtowner’s software‑powered platform, which is designed to manage seasonal demand and complex topographies, to Via’s existing AI‑driven scheduling, dispatch and customer‑support tools.
The integration is expected to accelerate the development of Via’s flagship AI for Cities solution by incorporating Downtowner’s proprietary data and algorithms. By combining the two companies’ strengths, Via can offer a single, end‑to‑end system that handles both everyday urban routes and high‑volume, weather‑sensitive seasonal service patterns, thereby strengthening its competitive moat against point‑solution providers and appealing to government customers seeking integrated transit solutions.
Via’s financial performance in the trailing twelve months shows revenue of $201.34 million with no growth over the past three years and a net margin of –27.65 %. The company also reported $407 million in revenue over the last twelve months, reflecting a mix of reporting periods. The acquisition is a strategic move to deepen Via’s presence in the growing U.S. destination‑city segment, which has been expanding due to increased travel demand and economic growth.
Deal terms were not disclosed, but the transaction is expected to broaden Via’s product portfolio and provide a more comprehensive platform. The addition of Downtowner’s expertise in serving high‑volume, weather‑sensitive markets positions Via to capture a larger share of the niche destination‑city market and to deliver more efficient, customer‑centric transit solutions.
CEO Daniel Ramot welcomed the addition of Downtowner’s team, noting that the partnership will allow Via to deliver advanced dynamic transit solutions to resorts and private communities. Co‑founders Stephen Murray and Travis Gleason said joining Via would enable them to continue advancing their vision for public transit while accessing a broader platform.
The acquisition signals Via’s continued focus on AI and vertical integration, aligning with its recent IPO and prior acquisitions of Remix and Citymapper. By integrating Downtowner’s expertise, Via can accelerate product development, improve operational efficiency and enhance its appeal to municipalities and other large transit operators.
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