Following an earlier announcement in 2016, agreeing on closer cooperation for the development of smart mobility, the City of Karlsruhe, Germany and PTV Group have signed a cooperation agreement on the testing of future scenarios in a new, modern mobility lab. The goal is to establish a real-time traffic prediction system for the Karlsruhe Technology Region.
The implementation is divided into three successive stages. The first project phase, covering traffic of the entire road network in Karlsruhe, was s
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
