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§ Private Profile · Ness Ziona, Israel
Moovit is a Mobility as a Service (MaaS) solutions provider and creator of the popular urban mobility app. In 2020, Moovit was acquired by Intel to join forc...
Moovit has raised $128.0M across 3 funding rounds.
Key people at Moovit.
Moovit was founded in 2012 by Nir Erez (Founder) and Roy Bick (Founder).
Moovit has raised $128.0M in total across 3 funding rounds.
Moovit operates as a Mobility as a Service (MaaS) platform, providing a leading urban mobility application and journey planner. Its core technology synthesizes real-time public transit data with community inputs for efficient, precise navigation. The platform streamlines urban travel, guiding users to optimal routes and transportation modes globally across numerous cities.
Founded in 2012 by Roy Bick, Yaron Evron, and Nir Erez, Moovit arose from the growing challenges of urban transportation. The founders identified a critical need for a consolidated platform to simplify complex transit information and empower commuters. Their vision was to create a dynamic tool making daily commutes more accessible and manageable for millions worldwide.
Moovit serves individual commuters, cities, and businesses aiming to enhance their transportation systems. The company's vision centers on empowering global communities, improving urban quality of life through intuitive and reliable public transit and multimodal options. It continually evolves its platform to meet the future demands of increasingly connected urban landscapes.
Moovit has raised $128.0M across 3 funding rounds. Most recently, it raised $50.0M Series D in February 2018.
Moovit is a leading Mobility as a Service (MaaS) solutions provider and creator of a popular urban mobility app used by over 800 million users worldwide. It offers real-time transit data, trip planning, and traffic analytics to public transit agencies, enterprises, and consumers, solving the problem of urban transportation inefficiencies and congestion. In 2020, Intel acquired Moovit for approximately $900 million to integrate it with Mobileye, Intel’s autonomous driving subsidiary, aiming to create a full-stack mobility provider that leverages Moovit’s data and technology to accelerate autonomous and shared transportation services globally[1][2][3].
Founded in Israel, Moovit was developed by a small team of about 200 employees who built a platform combining AI, data analytics, and a community of 450,000 local editors ("Mooviters") to map and optimize public transit networks. The idea emerged from the need to improve urban mobility by providing accurate, real-time transit information and routing options. Early traction included partnerships with over 7,500 transit agencies and integration with major platforms like Uber and Microsoft. The acquisition by Intel marked a pivotal moment, enabling Moovit to scale its impact by joining forces with Mobileye’s autonomous vehicle technology[6][3].
Moovit rides the growing trend of urbanization and the shift toward sustainable, shared, and autonomous transportation. The timing is critical as cities seek to reduce congestion and emissions while improving transit efficiency. Intel’s acquisition aligns with the broader market forces pushing for integrated mobility solutions combining data, AI, and autonomous driving technologies. Moovit’s data and platform enhance Mobileye’s autonomous vehicle capabilities, positioning Intel as a key player in the future of urban mobility and MaaS ecosystems[1][2][4].
Going forward, Moovit is expected to deepen its integration with Mobileye to develop cost- and demand-optimized autonomous mobility services, including robotaxis, which Intel projects to be a $160 billion market by 2030. Trends such as increased urbanization, environmental concerns, and advances in AI and autonomous driving will shape Moovit’s trajectory. Its influence will likely expand as it helps transform public transit and shared mobility into more efficient, safer, and accessible services worldwide, fulfilling Intel’s vision of revolutionizing transportation and reducing congestion[1][2][3][6].
Moovit was founded in 2012 by Nir Erez (Founder) and Roy Bick (Founder).
Moovit has raised $128.0M in total across 3 funding rounds.
Moovit's investors include Amnon Shashua, AIX Ventures, Amity Ventures, Angular Ventures, Cyberstarts VC, F2 Capital, Footwork, General Catalyst, Index Ventures, Nokia Growth Partners, Sequoia Capital, Singular.
Key people at Moovit.
