Moovit raises $50m to expand urban mobility operating system

Israel-based Transit app developers Moovit App Global has closed a $50m (£35m) Series D round led by Intel Capital. The funds will be used to expand its global sales team, enhance its consumer products to support user growth and invest in its Mobility as a Service Platform. Additionally, professor Amnon Shashua, senior vice president of Intel and CEO / CTO of Mobileye, will join Moovit’s board of directors as an observer. The app is said to provide transit information to more than 120 million users i
February 26, 2018 Read time: 2 mins
Israel-based Transit app developers 7356 Moovit App Global has closed a $50m (£35m) Series D round led by Intel Capital. The funds will be used to expand its global sales team, enhance its consumer products to support user growth and invest in its Mobility as a Service Platform.


Additionally, professor Amnon Shashua, senior vice president of Intel and CEO / CTO of Mobileye, will join Moovit’s board of directors as an observer.

The app is said to provide transit information to more than 120 million users in more than 2,000 cities in 80 countries.

Nir Erez, Moovit’s co-founder and CEO, said: “Moovit expects to surpass 1 billion users by 2021 and to expand significantly the number of cities that use Moovit’s data analytics to improve urban mobility. We are especially thrilled about our plans to collaborate with Mobileye. It’s a synergistic relationship at an exciting time to be shaping the future of urban mobility.”

Shashua said: “With significant investments in automated driving, mobility management platforms and smart infrastructure, Intel is at the forefront of a fundamental transformation of urban mobility. We’re working with some of the most innovative transit companies, municipalities and transit authorities to build critical foundational technologies for this transformation.”

“Moovit is one of the world’s leaders in public transit data and analytics. The combination of Mobileye’s and Moovit’s technology and data will be instrumental in making cities ready for autonomous vehicles", Shashua added.

Urban Traffic Control

For more information on companies in this article

Related Content

  • Moovit, TomTom and Microsoft launch multimodal trip planner
    February 13, 2019
    Mobility as a Service firm Moovit has linked up with TomTom and Microsoft’s Azure Maps to launch a multimodal trip planning app. The companies say it offers users their options for driving a car to park at a station, for example, and taking a train before completing the journey using other modes such as bike. “With most jobs still residing in densely populated cities, the typical commute is becoming multimodal, requiring the suburbanite to first drive to a public transit stop and continue their commut
    Read More
  • Zuora: MaaS comes to the masses
    April 28, 2020
    The shift from ownership to usership in the subscription economy provides opportunities for the whole of the mobility sector for the next decade and beyond, says John Phillips of Zuora
    Read More
  • IBTTA announces new executive director and CEO
    December 18, 2024
    Kathryn Clay will start in January 2025 after Pat Jones' two-decade tenure
    Read More
  • Pittsburgh to host 25th ITS America annual meeting and exposition
    June 5, 2014
    The Intelligent Transportation Society of America (ITS America) is to hold the 25th Annual ITS America Meeting and Exposition in Pittsburgh, Pennsylvania. Taking place between 1 and 3 June 201, at the David L. Lawrence Convention Center in downtown Pittsburgh, the event is expected to draw more than 2,000 of the nation’s top transportation and technology policymakers, innovators and engineers, investors, researchers and business leaders to Pittsburgh to address the critical role of technology in the na
    Read More

Highlighted Content