Skip to main content

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.

For more information on companies in this article

Related Content

  • Laura Chace named as ITS America CEO
    August 17, 2021
    Current chief operating operator replaces Shailen Bhatt and will take up top job on 30 August
  • Solving Detroit’s jams: just ask a Michigan student
    October 17, 2019
    At the Institute of Transportation Engineers annual meeting, a clever student plan to reduce commute times in Detroit suggests the future of the ITS industry is in good hands, write Pete Spiller and Jarrod Cady A team of students from the University of Michigan won a national student Transportation Technology Tournament - sponsored by the National Operations Center of Excellence (NOCoE) and the US Department of Transportation - with a compelling presentation on reducing congestion. In an impressive d
  • Schneider Electric to acquire Telvent for $2 billion
    January 27, 2012
    Schneider Electric has signed a definitive agreement with Telvent GIT to make a cash tender offer for all of Telvent's shares at a price of $40 per share, which represents a premium of 36% to Telvent's average share price over the last 3 months.
  • IBTTA: use tolls to raise the grade
    March 10, 2021
    Sobering report on state of US roads suggests road user charging on horizon, IBTTA says