Via raises $492.9M in IPO, and German automakers go on the offensive

Here is a 178-word summary of the news article: Via, a transportation technology company, has raised $492.9 million in its initial public offering (IPO). The company provides on-demand shared rides and partners with public transit agencies to offer efficient and affordable transportation options. The successful IPO underscores the growing demand for innovative mobility solutions. Meanwhile, German automakers are taking an offensive stance in the electric vehicle (EV) market. Volkswagen, Mercedes-Benz, and BMW have all announced major investments and ambitious plans to challenge Tesla's dominance. This includes developing new EV models, expanding charging infrastructure, and enhancing battery technology. The push by German automakers reflects the intensifying competition in the rapidly evolving EV landscape. As consumers increasingly seek eco-friendly and technologically advanced transportation options, traditional automakers are striving to capture a larger share of the market. The news highlights the dynamic nature of the mobility industry, with both technology startups and established carmakers jockeying for position in the race to shape the future of transportation.