Transit startup Via raised $200 million in a new round of funding. The new deal brings its valuation to $2.25 billion.

Exor NV (EXXRF), Giovanni Agnelli’s European holding company led the Series E round. Agnelli is a co-founder of Fiat (NASDAQ: FCAU).

Via Investors for Series Round E

The list of new investors includes Shell (NYSE:RDS), Mori Building, and Macquarie Capital. Existing investors who participated included Hearst Ventures, Pitango Venture Capital, and Planven Ventures.

“Especially in these difficult times, we greatly value EXOR’s commitment to Via’s vision of a dynamic, data-driven public mobility system that provides more cost-effective and equitable transport to communities everywhere,” Via co-founders Oren Shoval and Daniel Ramot said in the statement.

About Via

Via works with all size municipalities from rural towns to the largest cities, corporations, and universities in the world, increase efficiency, reduce traffic congestion and carbon emissions.

For municipalities, they provide reliable and affordable first-and-last-mile access and fill in transit deserts with convenient and dependable service with on-demand ride services. They also help cities and towns plan for the electric and autonomous vehicle infrastructure and deployments that will be happening as the technology improves in the future.

They also work with universities and corporations to provide an on-demand shuttle to move students and employees from place to place. At Northwestern University, for example, Via operates the on-demand Safe Ride system from 7 p.m. to 3 a.m. It operates during the fall, winter, and spring quarters to make the campus a safer place for university students.

Via also works with school systems. It provides applications that track students as they get on and off the bus each day. Parents and school administrators can monitor the kids in real-time to help provide a safer learning environment. They also help school systems optimize bus routes and decrease travel times.

The company launched in New York in 2013. It is now a global service that is available in more than 70 cities in 20 countries.

Recent: Venture Capital: PE and VC Firms Turn to Asia for Deals