Citymapper in talks about takeover by New York-based transport tech giant Via

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Citymapper in talks about takeover by New York-based transport tech giant Via
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Via Transportation’s interest in acquiring Citymapper, which was founded in 2010 by a former Google employee, is at an advanced stage, Sky News understands.

Its geographical coverage comprises scores of cities globally, making it a major player among urban transit-related platforms.Established in 2010 by Azmat Yusuf, a former Google employee, it pledged to address some of the entrenched challenges of urban mobility.

In Europe, it has operated in places such as Barcelona, Copenhagen, Milan and Paris, while in the US it has had a presence in Chicago, Los Angeles and New York.The company briefly experimented with running its own bus service in London in an attempt to forge new revenue streams. At the time, Apple, Microsoft and Alphabet, the parent company of Google, were all touted as potential suitors.

In its accounts for the year ended 31 December 2021, Citymapper said it"continued to be impacted by Covid-19 with movement restrictions and work from home guidance still in force for much of the year, impacting revenue".

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