Intel has announced that it has purchased Israel-based Moovit, known for its public transportation application, for $ 900 million. Moovit’s popular application on mobile devices is actively used by hundreds of millions of users and provides access to public transport network information. Founded in 2012 by Nir Erez, Roy Bick and Yaron Evron, Moovit uses public transit data to provide route planning to Google and Apple’s map applications, as well as scooter and bicycle sharing services Uber and Lyft. Intel said the application is preferred by 800 million users worldwide and serves 3,100 cities in 102 countries. Intel aims to advance in autonomous systems by purchasing Moovit With the move to purchase Moovit, Intel said it is one step closer to realizing its plan to become a complete mobile service provider, including robotaxy services, which is estimated to be a large market of an estimated $ 160 billion by 2030. In 2017, the company also acquired Mobileye, another Israeli-based company that specializes in driver assistance systems for autonomous vehicles. With Moovit, Intel has opened a new page in its plans to build a robotaxy fleet using Mobileye’s advanced driver support system (ADAS). “Mobileye’s ADAS technology increases the safety of millions of cars on the road. Moovit has also gained momentum to revolutionize transportation. By reducing the density, it saves life as a full mobility provider.” said. Intel had invested $ 50 million in Moovit in 2018. Moovit was founded in 2012 and operates in Tel Aviv, Israel, with about 200 employees.
