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

  • Demonstration zone launched to develop connected and automated vehicles, Canada
    November 10, 2017
    A new autonomous vehicle (AV) demonstration zone has launched to allow researchers to hone the technology and test AVs in a range of everyday, real-life traffic scenarios in Ontario, Canada. Called the Autonomous Vehicle Innovation Network (AVIN), the Canadian government has invested $80 million (£61 million) over a five-year period in support of the project.
    Read More
  • Huawei gets on board with Moovit app
    October 19, 2020
    Chinese telecoms giant’s AppGallery has 465 million monthly users, company says
    Read More
  • Panasonic in Colorado: Rocky mountain way
    December 3, 2018
    Panasonic is at the heart of a C-V2X project which began last year in Colorado. The company’s smart mobility boss Chris Armstrong tells Adam Hill how it is working out Colorado needs traffic and transport solutions – and fast. The US state’s population has grown 50% in the last 20 years and another 50% hike is predicted in the next 20. It also spends more than $13 billion in roadway crash costs each year. In 2015, 546 people died in traffic-related crashes, and more than 3,000 were seriously injured.
    Read More
  • Inrix expands into smart parking with acquisition of ParkMe
    September 10, 2015
    Inrix is accelerating its development of smart parking services with the acquisition of ParkMe, a Santa Monica, California company that helps drives find parking, make reservations and mobile payments worldwide. According to Inrix, the acquisition expands its data aggregation and industry expertise, enabling it to more rapidly deliver a comprehensive set of parking services, including locating, comparing, reserving and paying for parking from a smartphone or vehicle. The acquisition also expands the par
    Read More

Highlighted Content