Moovit is a Tel Aviv-based "mobility-as-a-service" startup founded in 2012. It provides route-mapping services using local public transit information and real time data from users in 103 countries and in 45 languages around the world.
For Intel, Moovit will provide a trove of transportation data — on transit systems, traffic patterns and user travel preferences — to support Intel's autonomous vehicle division, Mobileye. Mobileye builds both hardware, such as front-facing cameras, and software like self-driving systems to enable autonomous vehicle capabilities.
Moovit's CEO and co-founder Nir Erez will become an executive vice president at Mobileye.
Moovit’s massive global user base, proprietary transportation data, global editors community, strong partnerships with key transit and mobility ecosystem partners, and highly skilled team is what makes them a great investment,” Mobileye CEO Amnon Shashua said in a statement.