Smart Transport

Intel acquires Moovit MaaS platform

Moovit SmartPhone App

Intel has acquired Moovit, the mobility-as-a-service (MaaS) solutions company, for approximately $900 million ($840 million net of Intel Capital equity gain).

Moovit is known for its urban mobility application that allows travellers to combine public transportation, bicycle and scooter services, ride-hailing and car-sharing.

The addition of Moovit is part of Intel’s strategic plan to become a complete mobility provider. Moovit will join Intel's Mobileye business while retaining its brand and existing partnerships.

Moovit has established leadership in the MaaS space with more than 800 million users and services in 3,100 cities across 102 countries. Intel’s, Mobileye is the leading automotive solutions partner that enables advanced driver-assistance systems (ADAS) deployed on nearly 60 million vehicles with more than 25 automaker partners.

Based in Tel Aviv, Israel, Moovit combines information from public transit operators and authorities with live information from the user community to offer travelers a real-time picture of the best route for their journey. In the past 24 months, Moovit has achieved a seven-fold increase in users. Moovit has also signed strategic partnership agreements with major ride-sharing operators and mobility ecosystem companies for analytics, routing, optimization and operations for MaaS.

Bob Swan, Intel CEO said: “Moovit accelerates our ability to truly revolutionize transportation – reducing congestion and saving lives – as a full-stack mobility provider.”

Professor Amnon Shashua, CEO of Mobileye said: “Moovit is a strong brand trusted by hundreds of millions of people globally. Together, with Mobileye’s extensive capabilities in mapping and self-driving technology, we will be able to accelerate our timeline to transform the future of mobility.”

CEO and co-founder of Moovit Nir Erez will join Mobileye’s executive team as an executive vice president.
 



Comment as guest


Login  /  Register

Comments

No comments have been made yet.

Related content




Office Address
  • Smart Transport
    Media House
    Lynch Wood
    Peterborough
    PE2 6EA
Join the community
  • Smart Transport is the UK's most important brand to bring together senior public policy makers and influential private sector leaders to showcase real-time solutions aligned to government policy.
  •  
  • Find out more
  • Insight
  •  

 

Welcome to Smart Transport

Welcome to the Smart Transport website, keeping you up-to-date with the latest news, insight and reports from policymakers and thought leaders.

The Smart Transport brand connects policy to solutions by bringing national government and local authority policymakers together with private sector organisations.

Contact Lindsay Greatbatch for more information.

© Bauer Consumer Media Ltd
Media House, Lynch Wood, Peterborough, PE2 6EA - Registered number 01176085 IPSO regulated logo

 

Smart Transport members

Smart Transport board members

 

Please note:
By submitting any material to us you are confirming that the material is your own original work or that you have permission from the copyright owner to use the material and to authorise Bauer Consumer Media to use it as described in this paragraph. You also promise that you have permission from anyone featured or
referred to in the submitted material to it being used by Bauer Consumer Media. If Bauer Consumer Media receives a claim from a copyright owner or a person
featured in any material you have sent us, we will inform that person that you have granted us permission to use the relevant material and you will be responsible for paying any amounts due to the copyright owner or featured person and/or for reimbursing Bauer Consumer Media for any losses it has suffered as a result.