Via Awarded Ongoing Royalties and Supplemental Damages Against RideCo in Patent Infringement Lawsuit
Via Transportation, Inc. Class A (VIA)
US:NASDAQ Investor Relations:
ir.viacom.com
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Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Via Transportation, Inc. (NYSE: VIA), the pioneer of microtransit, announced today that the U.S. District Court for the Western District of Texas has awarded the company a 10% running royalty on all future U.S. sales of RideCo, Inc.'s infringing products, in addition to an award for supplemental damages.The Honorable Alan D. Albright ruled from the bench that Via is entitled to an ongoing royalty rate of 10% on all future sales of RideCo’s infringing technology. In addition to the 10% royalty on future sales, the court awarded supplemental damages based on the royalty rate awarded by the jury to compensate for pretrial infringement of Via’s virtual bus stop patents.This decision follows a unanimous trial victory on January 30, 2025, in which RideCo was found to have infringed on three of Via's patents (U.S. Patent Nos. 9,562,785, 9,816,824, and 10,197,411) that protect its core virtual bus stop technology related to on demand microtransit. The Court's ro
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