RideCo Statement in Response to Via Transportation Press Release

Rhea-AI Summary

RideCo has issued a response to Via Transportation (NYSE: VIA) regarding ongoing patent litigation. The company highlighted that Via's damages claim was reduced by over 85%, one patent was invalidated, and the scope of remaining patents was narrowed significantly.

RideCo emphasized that the litigation only affects a small portion of its microtransit business and does not impact its paratransit operations. The company has already implemented one design change and plans to release another in the coming weeks to ensure compliance with patent requirements. CEO Prem Gururajan affirmed that business operations continue as usual while the company pursues an appeal at the Federal Circuit Court.

Positive

• Damages claim reduced by over 85% through trial proceedings
• One asserted patent was invalidated and scope of remaining patents narrowed
• Litigation only affects small segment of microtransit business
• Successfully implemented design changes with no impact to customers

Negative

• Ongoing patent litigation with Via Transportation
• Court rulings unfavorable at District Court level
• Need for product design modifications to avoid patent infringement

News Market Reaction

-0.46%

1 alert

-0.46% News Effect

On the day this news was published, VIA declined 0.46%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

LOS ANGELES, Sept. 22, 2025 /PRNewswire/ - RideCo, the leader in on-demand transit solutions, responded today to the announcement made by Via Transportation, Inc. (NYSE: VIA). 

RideCo respects the Court's process and notes that Tuesday's post-trial rulings are intermediate steps in the same District Court. RideCo looks forward to full review by the Federal Circuit Court of Appeals.

Throughout this case, RideCo has acted in good faith to defend itself and to ensure continuity of service for its customers. As a result of trial and post-trial proceedings, Via's damages claim was cut by more than 85%, one asserted patent was invalidated, and the scope of Via's remaining patents was substantially narrowed. The litigation relates only to a small segment of RideCo's microtransit business. The litigation has never concerned and does not affect RideCo's other microtransit use-cases or its paratransit operations that continue to grow significantly, and which represent the vast majority of RideCo's overall business.

As to the related small segment of RideCo's microtransit business, importantly, RideCo has already removed the specific feature that Via emphasized at trial, with no impact to its customers. The company is moving forward with an additional design change to be released in the next few weeks. This second design change improves the rider experience and will eliminate additional functionality Via alleged to infringe, ensuring RideCo's microtransit services remain well outside the scope of Via's narrowed patents. These steps underscore RideCo's commitment to innovation, transparency, and respect for the law.

"We are confident in our legal positions on appeal, and it is business as usual at RideCo.  We continue to develop industry leading technology to ensure our partners and customers deliver best-in-class mobility solutions to the communities we serve. Our mission remains, as always, to revolutionize transportation through cutting-edge technology," said Prem Gururajan, RideCo's CEO.

The company will vigorously pursue its appeal while continuing to provide reliable, high-quality service to its partners and riders. RideCo is proud of its role in driving innovation in public transit and will continue to set the standard for flexible, efficient mobility solutions.

About RideCo

RideCo is the leader in rider-centric on-demand transit technology, with the most adopted cloud-based paratransit and microtransit solution among the 10 largest cities in the United States. Trusted by agencies, as well as fleet operators and technology companies, the platform powers the largest on-demand transit services in North America, including Philadelphia and Houston, that have adopted RideCo's transformative software, rooted in continuous optimization technology, and supported by the industry's best customer service.

From reducing overall travel time and encouraging sustainable public transit usage to improving operational efficiency and delivering the lowest total cost of ownership, RideCo's on-demand transit technology is advancing transit for riders and reshaping how transit agencies operate their services. To date, RideCo has been awarded five U.S. patents, including # 10,248,913; 10,853,743; 11,429,910; and 12,051,020. Visit www.rideco.com  to learn more about revolutionizing mobility in your city.   

View original content to download multimedia:https://www.prnewswire.com/news-releases/rideco-statement-in-response-to-via-transportation-press-release-302562940.html

SOURCE RideCo Inc.

FAQ

What is the current status of the patent litigation between RideCo and Via Transportation (NYSE: VIA)?

The District Court has issued post-trial rulings, which RideCo plans to appeal to the Federal Circuit Court. Via's damages claim was reduced by over 85%, one patent was invalidated, and the scope of remaining patents was narrowed.

How will the Via Transportation patent dispute affect RideCo's business operations?

The litigation affects only a small segment of RideCo's microtransit business. It does not impact the company's paratransit operations or other microtransit use-cases, which represent the majority of its business.

What changes has RideCo implemented in response to the Via Transportation patent case?

RideCo has already removed the specific feature challenged at trial with no customer impact, and plans to release an additional design change in the coming weeks to ensure operations remain outside the scope of Via's patents.

What is RideCo's next legal step in the Via Transportation patent dispute?

RideCo will pursue an appeal at the Federal Circuit Court of Appeals while continuing normal business operations and service delivery.