Via Awarded Ongoing Royalties and Supplemental Damages Against RideCo in Patent Infringement Lawsuit

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 a. ...