Verra Mobility

Verra Mobility

Smart transportation solutions for road safety

About Verra Mobility

Simplify's Rating
Why Verra Mobility is rated
B-
Rated C on Competitive Edge
Rated B on Growth Potential
Rated B on Differentiation

Industries

Data & Analytics

Automotive & Transportation

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Mesa, Arizona

Founded

1987

Overview

Verra Mobility provides smart transportation solutions aimed at improving safety and connectivity in transportation systems. The company develops technology that enhances driver behavior and road safety, serving clients such as government agencies, commercial fleets, and rental car companies. Their products include customized solutions like school bus stop arm safety camera programs, which monitor traffic laws to protect children. Verra Mobility generates revenue through the sale and installation of technology, maintenance services, and data analytics that help clients optimize their transportation systems. With operations in over 15 countries, the company distinguishes itself through strong customer relationships and a commitment to addressing complex transportation challenges.

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Simplify's Take

What believers are saying

  • Partnership with Verizon Connect enhances fleet management services and operational efficiency.
  • Recognition as a GovTech 100 Company highlights Verra Mobility's innovative technology solutions.
  • Inclusion in Fortune 100 Fastest-Growing Companies list underscores strong growth and market position.

What critics are saying

  • Emerging smart mobility startups could threaten Verra Mobility's market share.
  • Autonomous vehicle technology may reduce demand for traditional tolling services.
  • Data privacy concerns could challenge Verra Mobility's operations and partnerships.

What makes Verra Mobility unique

  • Verra Mobility leads in smart mobility with over 8.5 million vehicles managed.
  • The company operates over 4,000 safety cameras, enhancing road safety globally.
  • Verra Mobility's partnerships with rental car companies streamline operations and improve customer experiences.

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Funding

Total Funding

$350M

Above

Industry Average

Funded Over

1 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Benefits

Remote Work Options

Flexible Work Hours

Company News

WHS Zephyr
Mar 21st, 2025
Giving Light to the New Red Light Cameras

The City of Tracy collaborated with Verra Mobility, known for their safety transportation technology, to administer the program.

PR Newswire
Mar 18th, 2025
Verra Mobility Partners With Verizon Connect To Bring Managed Services To Commercial Fleets

Verizon Connect customers will receive access to Verra Mobility's managed tolling, violations and title and registration servicesMESA, Ariz., March 18, 2025 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today a partnership with Verizon Connect, one of the largest providers of advanced GPS fleet tracking solutions. Through the partnership, new and existing Verizon Connect customers will have easy and direct access to Verra Mobility's managed tolling, violations, and title and registration services through the Verizon Connect Marketplace.Verizon Connect provides a near real-time, 360-degree view of a fleet's daily operations to help reduce costs, increase productivity, and increase efficiency.Verra Mobility's fleet management services are utilized by major fleet owners, operators, and managers to conveniently and automatically pay over 300 million annual toll transactions for more than seven million vehicles globally. In addition, Verra Mobility's violation management services save fleets up to 80% in management and processing costs of vehicle violations."Tolling, violations, and title and registration are typically manual, expensive and confusing compliance processes, and Verra Mobility has a stellar industry reputation amongst fleet customers for delivering operationally efficient services and cost savings," said Kinnera Angadi, Chief Product and Technology Officer at Verizon Connect. "We are excited to partner with Verra Mobility to offer their highly complementary managed tolling, violations, and title and registration services to help solve these complex pain points and lower operating costs for our fleet customers. We look forward to partnering together to offer these best-in-class comprehensive service solutions to more fleets."Verizon Connect utilizes connected vehicle software to optimize fleet operations, enhance safety and improve productivity through its telematics solutions. The company offers a suite of tools including fleet and equipment tracking software."Verizon Connect is an excellent partner and addition to our growing suite of fleet services," said Steve Lalla, Executive Vice President of Verra Mobility's Commercial Services business

Williams News
Mar 18th, 2025
Verra Mobility partners with Verizon Connect to bring managed services to commercial fleets

Verra Mobility partners with Verizon Connect to bring managed services to commercial fleets.

PR Newswire
Feb 27th, 2025
Verra Mobility Announces Fourth Quarter And Full Year 2024 Financial Results

Full year 2024 revenue of $879.2 million. Full year 2024 net income of $31.4 million. Full year 2024 net cash provided from operations of $223.6 million

PR Newswire
Feb 6th, 2025
New York'S Onondaga County And Verra Mobility Prioritize Student Safety With One Of The State'S Most Extensive School Bus Safety Programs

More than six school districts and 500 school buses will deploy advanced technology to reduce the risk of drivers illegally passing stopped school busesMESA, Ariz., Feb. 6, 2025 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced a partnership with Onondaga County, New York, to implement an advanced school bus stop arm safety program to protect students and reduce dangerous traffic violations around school buses.The program will start by equipping more than 500 school buses with cutting-edge stop arm safety camera technology to better protect children on their daily commute to and from school. The stop arm camera safety system will automatically document and report vehicles that illegally pass stopped school buses, capturing critical evidence that can be used by law enforcement to uphold the law."Too often, drivers disregard laws that are intended to protect children while they are boarding and exiting school buses," stated New York State Assemblyman William Magnarelli. "A recent study by the New York Association for Pupil Transportation determined that motorists pass stopped school buses more than five passes on average per day per bus. These cameras will serve as a deterrent to drivers from passing stopped school buses and ultimately save students' lives."As one of the most extensive school bus stop arm programs in New York, the program will commence with six school districts, which include more than 20,000 students and more than 40 schools. The program is expected to roll out in phases with the launch to include:Baldwinsville School DistrictSchool District East Syracuse Minoa School DistrictFabius-Pompey School DistrictJamesville-Dewitt School DistrictLiverpool School DistrictSchool District North Syracuse School District"Onondaga County is pleased to announce our partnership with Verra Mobility on a stop-arm camera project aimed at ensuring safe travel to and from school," said Onondaga County Executive J

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