An infinitely variable transmission having three operating modes for a powered vehicle, the powered vehicle having a power source, comprising: an input shaft; an output shaft, the output shaft spaced from the input shaft and coupled to an output of a first output gearset and an output of a second output gearset; a first input gear set coupled to the input shaft; a layshaft driven by the first input gear set and coupled to a third component of a first planetary gearset; a variator coupled between the input shaft and output shaft, the variator including a first input disc, a second input disc, a first output disc, and a second output disc, wherein the first and second input discs are directly coupled to a first shaft and the first and second output discs are coupled directly to a second shaft, the first shaft being different from the second shaft, wherein each space between inner surfaces of the first and second input discs (756, 758) and inner surfaces of the first and second output discs (760, 762) forms a toroid shape, wherein a number of rollers are located inside each toroidal space defined by the inner surfaces of the discs (756, 758, 760, 762), and wherein the rollers transmit torque from the first and second input discs (756, 758) to the first and second output discs (760, 762) via a traction fluid; wherein a first component of the first planetary gearset is coupled to a first side of a variator assembly via a second input gear set and the first shaft; a second component of the first planetary gearset is coupled to a second side of a variator assembly via a third input gear set and the second shaft; the first component of the first planetary gearset is coupled to a first component of a second planetary gear set; and the second component of the first planetary gearset is coupled to a second component of the second planetary gear set; wherein the infinitely variable transmission includes a first clutch assembly, a second clutch assembly, and a third clutch assembly, the first clutch assembly being engageable in a first mode, the second clutch assembly being engageable in a second mode, and the third clutch assembly being engageable in a third mode; wherein in the first mode a third component of the second planetary gearset is coupled to an input of the second output gearset; wherein the second clutch assembly is coupled to the first shaft and the first and second input discs (756, 758) and in the second mode the first shaft is coupled to an input of the first output gearset; wherein in the third mode the second component of the first planetary gearset is coupled to the input of the second output gearset; wherein, in the first mode and with the first clutch assembly engaged, the transmission is operable in a reverse, a gear neutral, and a first forward mode; and wherein an input coupler is configured to selectively couple the variator to the power source. an input shaft; an output shaft, the output shaft spaced from the input shaft and coupled to an output of a first output gearset and an output of a second output gearset; a first input gear set coupled to the input shaft; a layshaft driven by the first input gear set and coupled to a third component of a first planetary gearset; a variator coupled between the input shaft and output shaft, the variator including a first input disc, a second input disc, a first output disc, and a second output disc, wherein the first and second input discs are directly coupled to a first shaft and the first and second output discs are coupled directly to a second shaft, the first shaft being different from the second shaft, wherein each space between inner surfaces of the first and second input discs (756, 758) and inner surfaces of the first and second output discs (760, 762) forms a toroid shape, wherein a number of rollers are located inside each toroidal space defined by the inner surfaces of the discs (756, 758, 760, 762), and wherein the rollers transmit torque from the first and second input discs (756, 758) to the first and second output discs (760, 762) via a traction fluid; wherein a first component of the first planetary gearset is coupled to a first side of a variator assembly via a second input gear set and the first shaft; a second component of the first planetary gearset is coupled to a second side of a variator assembly via a third input gear set and the second shaft; the first component of the first planetary gearset is coupled to a first component of a second planetary gear set; and the second component of the first planetary gearset is coupled to a second component of the second planetary gear set; wherein the infinitely variable transmission includes a first clutch assembly, a second clutch assembly, and a third clutch assembly, the first clutch assembly being engageable in a first mode, the second clutch assembly being engageable in a second mode, and the third clutch assembly being engageable in a third mode; wherein in the first mode a third component of the second planetary gearset is coupled to an input of the second output gearset; wherein the second clutch assembly is coupled to the first shaft and the first and second input discs (756, 758) and in the second mode the first shaft is coupled to an input of the first output gearset; wherein in the third mode the second component of the first planetary gearset is coupled to the input of the second output gearset; wherein, in the first mode and with the first clutch assembly engaged, the transmission is operable in a reverse, a gear neutral, and a first forward mode; and wherein an input coupler is configured to selectively couple the variator to the power source.