Verra Mobility

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.

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

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

• Automated traffic enforcement
• Toll management services
• Parking management solutions
• License plate recognition
• Smart mobility technology

Headquarters

HQ city

Mesa

HQ country

United States

HQ region

North America

Offices9 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. 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.
2. 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.
3. Commercial Services - Violation Processing: Fees for violation detection, processing, and management services for commercial fleets and rental car companies.
4. Parking Solutions (T2 Systems): Parking management solutions including hardware (pay stations) and software/platform services for universities and cities.
5. Connected Vehicle Services: In-vehicle commerce and connected vehicle services including AutoKinex platform for ancillary service selection.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core 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

Named customers10 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature9 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Los Angeles Department of TransportationcoreTechnology or Integration · 15 June 2026Los 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 ManagementminorImplementation/ SI/ Consulting Partner · 15 June 2026Los Angeles-based minority business enterprise expected to handle physical installation of speed safety cameras for the LA program.
• Hawaii Department of TransportationcoreTechnology or Integration · 19 February 202610-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 TransportationcoreTechnology or Integration · 11 February 20265-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.
• StellantiscoreStrategic or Co-development Partner · 20 November 2025AutoKinex 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

Direct 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

• Facebookfacebook.com/VerraMobility
• LinkedInlinkedin.com/company/verramobility
• Xx.com/VerraMobility

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries5 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Verra Mobility