Verra Mobility

Verra Mobility

Verra Mobility | Safe. Smart. Connected.. Learn more

Launch date
Employees
Market cap
CAD6.1b
Enterprise valuation
CAD7.4b (Public information from Sep 2024)
Mesa Arizona (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
USD2020202120222023202420252026
Revenues394m551m742m817m881m944m1.0b
% growth(12 %)40 %35 %10 %8 %7 %9 %
EBITDA160m243m318m316m405m445m491m
% EBITDA margin41 %44 %43 %39 %46 %47 %48 %
Profit(3.4m)41.4m92.5m57.0m136m161m201m
% profit margin(1 %)8 %12 %7 %15 %17 %20 %
EV / revenue7.4x6.5x4.3x5.8x6.1x5.5x4.9x
EV / EBITDA18.1x14.6x10.0x15.0x13.3x11.8x10.2x
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DateInvestorsAmountRound
-

N/A

-
N/A

N/A

IPO
*
N/A

$350m

Post IPO Debt
Total Funding-

Recent News about Verra Mobility

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Verra Mobility is a global leader in smart transportation solutions, focusing on making transportation safer, easier, and more connected. The company operates in the smart cities and smart roadways market, providing technology solutions that improve driver behavior and enhance road safety. Verra Mobility serves a diverse range of clients, including government agencies, commercial fleets, and rental car companies.

The company's business model revolves around developing and implementing customized technology solutions that address complex transportation challenges. For example, Verra Mobility has partnered with various counties in New York to implement school bus stop arm safety camera programs, which aim to protect children by monitoring and enforcing traffic laws around school buses. Additionally, the company collaborates with rental car companies to streamline operations and enhance customer experiences.

Verra Mobility generates revenue through multiple streams. These include the sale and installation of its technology solutions, ongoing maintenance and support services, and data analytics services that help clients optimize their transportation systems. The company also earns money through partnerships and collaborations with other organizations in the smart mobility ecosystem.

With a presence in over 15 countries, Verra Mobility has established itself as a key player in the global smart transportation market. The company's commitment to innovation and customer relationships sets it apart, allowing it to deliver consistent results and drive positive change in the communities it serves.

Keywords: smart transportation, road safety, technology solutions, commercial fleets, rental car partnerships, school bus safety, data analytics, global presence, smart cities, driver behavior.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by Verra Mobility

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T2 Systems
ACQUISITION by Verra Mobility Dec 2021
Redflex
ACQUISITION by Verra Mobility Jan 2021