About Verra Mobility
Verra Mobility is a company based in South Melbourne (Australia) founded in 1997 was acquired by Verra Mobility in January 2021. It operates as a Mobility-as-a-Service, and Professional Services. Verra Mobility has completed 1 acquisition, including Roadmetric. Verra Mobility offers products and services including School Bus Stop-Arm, Red Light Safety, Speed Enforcement, and Toll Management.
- Headquarter South Melbourne, Australia
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name American Traffic Solutions, Inc. Dba Verra Mobility
- Date of Incorporation 26 Sep, 2019
- Jurisdiction Perungudi, Tamil Nadu, India
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Annual Revenue
$428.54 K (USD)-30.46as on Mar 31, 2023
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Net Profit
$46.86 K (USD)-32.67as on Mar 31, 2023
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EBITDA
$91.8 K (USD)-21.22as on Mar 31, 2023
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Latest Funding Round
- Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Verra Mobility
(Jan 22, 2021)
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Products & Services of Verra Mobility
Verra Mobility offers a comprehensive portfolio of products and services, including School Bus Stop-Arm, Red Light Safety, Speed Enforcement, and Toll Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Safety technology for school zones is provided by this.
Red light enforcement systems are installed for safety.
Speed monitoring solutions are offered for road safety.
Toll processing services are managed for commercial fleets.
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Funding Insights of Verra Mobility
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Verra Mobility
Verra Mobility has secured backing from 1 investor. Prominent investors backing the company include Verra Mobility. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Toll services and management are operated by Verra Mobility.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Verra Mobility
Verra Mobility has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Roadmetric. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Multimedia surveillance and mobile law enforcement applications are developed.
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2007 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Verra Mobility
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Verra Mobility Comparisons
Competitors of Verra Mobility
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Verra Mobility
When was Verra Mobility founded?
Verra Mobility was founded in 1997.
Where is Verra Mobility located?
Verra Mobility is headquartered in South Melbourne, Australia. It is registered at South Melbourne, Victoria, Australia.
What is the annual revenue of Verra Mobility?
Annual revenue of Verra Mobility is $428.54K as on Mar 31, 2023.
What does Verra Mobility do?
Verra Mobility is established as a global leader in smart transportation, focusing on the development of technologies for safer and smarter communities. Solutions are provided for smart cities and roadways, integrating systems for seamless connectivity. Services are extended to commercial fleets, rental car companies, municipalities, and school districts. Customized technology solutions are developed to address complex transportation challenges. Operations span over 15 countries, supported by extensive partnerships with toll authorities and government entities. The ecosystem connects people, technology, and data to enhance mobility.
What products or services does Verra Mobility offer?
Verra Mobility offers School Bus Stop-Arm, Red Light Safety, Speed Enforcement, and Toll Management.
How many acquisitions has Verra Mobility made?
Verra Mobility has made 1 acquisition, including Roadmetric.
Who are Verra Mobility's investors?
Verra Mobility has 1 investor. Key investors include Verra Mobility.
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