Verra Mobility
Verra Mobility provides smart mobility, automated traffic enforcement, toll management, and parking solutions to municipalities, rental car companies, and fleet operators across more than 15 countries, leveraging ALPR-based computer vision and integrated violation processing platforms on long-term contracts.
- Company typePublic
- Founded2016
- HeadquartersMesa, United States
- Headcount1,001–5,000
- GTM typeB2B
- OfferingSoftware
What Verra Mobility does
Verra Mobility Corporation (NASDAQ: VRRM) is a US-headquartered smart mobility technology company that operates across three integrated segments: Government Solutions (automated traffic enforcement cameras for red-light, speed, school bus stop-arm, bus lane, work zone, and intersection violations), Commercial & Fleet Services (toll management, violation processing, title and registration, and connected vehicle services for rental car companies and commercial fleet operators), and Parking Solutions (through its wholly owned T2 Systems subsidiary serving universities and cities). The company's technology backbone is built on ALPR/ANPR computer vision, electronic toll payment integration with US and European toll authorities, and back-office violation processing platforms; products include PlatePass, TollPass, TollGuard, TollLink, Peasy, SmartView Plus, AXSIS, Street Safe ATS, Stop Guard, and the recently launched AutoKinex in-vehicle commerce platform developed with Stellantis.
Verra generates revenue through a mix of multi-year subscription contracts awarded via competitive government RFPs, transaction and per-vehicle fees from rental car and fleet operators, and parking hardware/software sales. Reported recurring revenue exceeds 90% of total revenue, with FY2025 revenue of approximately $979 million (16% YoY growth) and a contract pipeline anchored by a five-year, $998 million New York City DOT award and a ten-year, approximately $160 million Hawaii DOT statewide program. The company operates in more than 15 countries with offices across North America (Mesa AZ HQ, plus Bradenton, New York, Indianapolis, Canada), Europe (Amsterdam, London), and Australia (Melbourne), and serves customers including Avis Budget Group, Hertz, Enterprise, Stellantis, and various state and municipal departments of transportation.
The business is currently navigating a material disruption: the May 26, 2026 termination notice from Avis Budget Group (effective September 2026) is expected to remove $135-145 million in annualized revenue and $120-125 million in segment profit, triggering a ~70% stock decline and approximately $1.4 billion in market capitalization loss in a single day. CEO David Roberts was terminated on June 1, 2026 and replaced by interim CEO Jon Keyser, while the Board has launched a CEO search and restructured Commercial Services and Government Solutions under a new Chief Customer Officer. Multiple securities fraud class action lawsuits have been filed in the US District Court for the District of Arizona alleging material misstatements about the Avis relationship during the February 24-May 26, 2026 class period.
Verra Mobility firmographics
Firmographics- Name
- Verra Mobility
- Legal name
- Verra Mobility Corporation
- Website
- https://verramobility.com
- Company type
- Public
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Verra Mobility provides smart mobility, automated traffic enforcement, toll management, and parking solutions to municipalities, rental car companies, and fleet operators across more than 15 countries, leveraging ALPR-based computer vision and integrated violation processing platforms on long-term contracts.
- Ownership category
- akta.pro rank
Verra Mobility industry classification
Industry- Product category
- Smart Mobility / Transportation Technology
- SIC
- Transportation Services (4700)
- akta.pro primary industry
- Automatic Number Plate Recognition (ANPR) / Video Tolling & Enforcement (TLAJABAB)
- akta.pro secondary industries
- Centralized Traffic Management Platforms (ATMS/TMC Software) (TLAJACAB), Connected Vehicle & V2X Traffic Operations (RSUs, SPaT/MAP, CV Applications) (TLAJACAJ)
Keywords
Where Verra Mobility is headquartered
LocationHeadquarters
- HQ city
- Mesa
- HQ country
- United States
- HQ region
- North America
Offices9 records
Markets served
Verra Mobility business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Government Solutions: Recurring service fees from government entities for automated enforcement camera programs. Revenue recognized over contract terms as services are delivered. Government Solutions includes red-light cameras, speed enforcement, school bus stop-arm, and bus lane enforcement programs with municipalities.
- Commercial Services - Toll Management: Transaction and licensing fees from rental car companies and fleet operators for toll management services. Revenue based on transaction volume and per-vehicle fees. Major customers include Avis Budget Group, Hertz, Enterprise.
- Commercial Services - Violation Processing: Fees for violation detection, processing, and management services for commercial fleets and rental car companies.
- Parking Solutions (T2 Systems): Parking management solutions including hardware (pay stations) and software/platform services for universities and cities.
- Connected Vehicle Services: In-vehicle commerce and connected vehicle services including AutoKinex platform for ancillary service selection.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | NYC Department of Transportation - 5-year contract valued at $998 million |
| Subscription | Multi-year contract | Hawaii Department of Transportation - 10-year contract worth approximately $160 million |
| Transaction based/ take rate | Multi-year contract | Commercial fleet toll management - Enterprise pricing |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
Verra Mobility product offering
Product offeringCore offering
Verra Mobility provides smart mobility technology solutions spanning automated traffic enforcement (red-light, speed, school bus stop-arm, bus lane cameras), electronic toll management for rental car and fleet operators, and parking management via its T2 Systems subsidiary. The company operates across more than 15 countries, serving governments, municipalities, rental car companies, commercial fleets, and universities through integrated ALPR/ANPR-based camera systems, violation processing, and connected vehicle platforms.
Product overview
Verra Mobility operates as a smart mobility technology platform providing integrated transportation solutions across three main segments: Commercial & Fleet Services, Government Solutions (Safety & Mobility), and Parking Solutions. The core product portfolio centers on toll management systems (PlatePass®, TollPass, TollGuard®, TollLink™, e-Toll Unlimited, Peasy®) for rental car and fleet operators, automated traffic safety enforcement systems (Red Light Safety, Speed Enforcement, Bus Lane Enforcement, Stop Guard™ School Bus Stop Arm, Work Zone Safety, Don't Block the Box, Street Safe ATS, SmartView Plus, AXSIS), and parking management through its T2 Systems subsidiary (T2 Luke® Paystation, T2 Cosmo Paystation). The company also offers Connected Vehicle Services and European Solutions for geographic expansion. AutoKinex™ Virtual Agent represents a new in-vehicle commerce platform launched in partnership with Stellantis. The portfolio is unified by ALPR/ANPR technology for vehicle identification and violation processing capabilities, serving rental car companies, fleet operators, municipalities, school districts, and parking operators across 15+ countries.
Differentiator
Problem solved
Functional benefit
Brands
- T2 Systems: Parking management solutions for universities and cities
- PlatePass
- Peasy
- TollGuard
- TollLink
- ViziFleet
- Street Safe ATS
- SmartView Plus
- AutoKinex
Products and services
- PlatePass® / TollPass / e-Toll Unlimited / Peasy® (Toll Management Suite)
Quantifiable outcome
- Up to 94% reduction in speeding incidents in cities with speed safety programs
- +4 more outcomes
Companies that use Verra Mobility
Customer profileNamed customers10 records
Segments6 records
Ideal customer profiles5 records
Verra Mobility technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature9 records
Verra Mobility partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- Los Angeles Department of TransportationcoreLos Angeles City Council awarded contract for speed safety program with 125 camera locations. Part of California's six-city pilot under Assembly Bill 645. Implementation to begin immediately with all sites operational by end of 2026.
- Morgner Construction ManagementminorLos Angeles-based minority business enterprise expected to handle physical installation of speed safety cameras for the LA program.
- Hawaii Department of Transportationcore10-year contract worth approximately $160 million for statewide automated red-light and speed enforcement program expansion from 17 to 187 dual-enforcement cameras across all major Hawaiian islands. First statewide automated enforcement program in the US.
- New York City Department of Transportationcore5-year, $998 million contract for automated enforcement camera programs including red-light, speed, and bus lane enforcement systems. Represents 34% increase from previous contract period. Selected after competitive RFP.
- StellantiscoreAutoKinex in-vehicle commerce platform partnership enabling rental car customers to complete checkout and select ancillary services (prepaid fuel, tolling, insurance) directly from vehicle infotainment system. Shifted traditionally counter-based interactions into the vehicle to help rental companies reduce congestion and improve operational efficiency.
Scale indicators8 records
Recent moves8 records
Expansion highlights6 records
Verra Mobility competitors and assessment
Company assessmentDirect peers
- Kapsch TrafficCom: Austrian-headquartered provider of intelligent transportation systems, electronic toll collection, and traffic enforcement technology for governments and commercial operators globally. Directly comparable to Verra Mobility across both government enforcement and commercial tolling segments.
- Sensys Gatso Group: Swedish-listed company specializing in automated traffic enforcement (speed, red-light, section control) sold to government clients worldwide. Competes head-to-head with Verra in the municipal speed and red-light camera RFP market.
- Jenoptik: German technology group with a Smart Mobility Solutions division providing traffic enforcement cameras, ANPR systems, and tolling solutions to public-sector customers. Closely comparable product portfolio and government customer base to Verra's Government Solutions segment.
- TransCore: U.S. provider of tolling and traffic management systems, including electronic toll collection, back-office solutions, and intelligent transportation infrastructure. Directly comparable to Verra's toll management and traffic enforcement offerings for government and commercial fleet customers.
- Iteris: U.S.-based intelligent transportation systems provider offering traffic management software, sensors, and analytics to state DOTs and municipalities. Comparable to Verra's government-facing traffic management and enforcement platform business.
- Agero: U.S. provider of roadside assistance, connected vehicle services, and toll/violation management solutions for rental car companies, OEMs, and fleets. Directly comparable to Verra's Commercial Services offerings serving the same rental car customer base.
Broad incumbents
- Conduent: Large public company providing business process services, including transportation and commercial solutions such as tolling back-office processing, violation management, and citation administration. Overlaps with Verra's violation processing and toll management services for government and commercial clients.
- Motorola Solutions (Vigilant Solutions): Through its Vigilant Solutions acquisition, Motorola Solutions provides ALPR-based law enforcement and traffic monitoring technology to government agencies. Competes with Verra in the ALPR and automated enforcement market, though as part of a much broader public-safety portfolio.
Emerging players
- Rekor Systems: U.S.-based provider of AI-driven roadway intelligence and ALPR-based traffic analytics for government and commercial customers. An emerging competitor in the ALPR/enforcement technology space where Verra has an established patent portfolio.
Others
- T2 Systems (pre-Verra context) / Parking software peers: Verra's own T2 Systems subsidiary competes in the parking management software market against providers like IPS Group, ParkMobile, and Flowbird. Listed here for completeness as an internal adjacent business line rather than an external comparable.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Verra Mobility social profiles
Digital presenceVerra Mobility financial estimates
Financial estimateRevenue estimate
Valuation estimate
Verra Mobility leadership team
Management profileNumber of profiles
Profiles5 records
Verra Mobility subsidiaries and ownership
Company hierarchySubsidiaries5 records
Verra Mobility funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Verra Mobility M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Verra Mobility
What does Verra Mobility do?
Verra Mobility provides smart mobility technology solutions spanning automated traffic enforcement (red-light, speed, school bus stop-arm, bus lane cameras), electronic toll management for rental car and fleet operators, and parking management via its T2 Systems subsidiary. The company operates across more than 15 countries, serving governments, municipalities, rental car companies, commercial fleets, and universities through integrated ALPR/ANPR-based camera systems, violation processing, and connected vehicle platforms.
Is Verra Mobility a public or private company?
Verra Mobility is a public company. It is classified as public and is currently operating.
When was Verra Mobility founded?
Verra Mobility was founded in 2016. It employs 1,001 to 5,000 people.
Where is Verra Mobility based?
Verra Mobility is headquartered in Mesa, United States, in the North America region.
How does Verra Mobility make money?
Five revenue lines are on record. Government Solutions are the primary driver. The others are commercial Services - Toll Management, commercial Services - Violation Processing, parking Solutions (T2 Systems) and connected Vehicle Services.
Who are Verra Mobility's main competitors?
Direct peers on record are Kapsch TrafficCom, Sensys Gatso Group, Jenoptik, TransCore, Iteris and Agero. Broad incumbents are Conduent and Motorola Solutions (Vigilant Solutions). Rekor Systems is listed as an emerging player. T2 Systems (pre-Verra context) / Parking software peers is listed as an others.
Does Verra Mobility have an API?
No public API is recorded for Verra Mobility.
What industry is Verra Mobility in?
Verra Mobility's product category is Smart Mobility / Transportation Technology. Its primary akta.pro industry code is TLAJABAB, Automatic Number Plate Recognition (ANPR) / Video Tolling & Enforcement, with a secondary code of TLAJACAB, Centralized Traffic Management Platforms (ATMS/TMC Software). Its SIC code is 4700.