Intel acquires Israeli mobility startup Moovit for $900 Mn

Intel on Monday announced that the company has acquired the HaMerkaz, Israel headquartered mobility startup Moovit for $900 million.

Featured image: Moovit co-founder: Roy Bick (L) & Nir Erez (R); Credits: nocamels.com


Intel on Monday announced that the company has acquired the HaMerkaz, Israel headquartered mobility startup Moovit for $900 million.

Founded in 2012 by Nir Erez (CEO) and Roy Bick (CTO), Moovit is a Mobility as a Service (MaaS) provider. The platform simplifies urban mobility in for 800 million users, in over 3,100 cities, across 102 countries, making getting around town via mass transit easier and more convenient. Moovit was named the Best Local App of 2016 by Google and Best of 2017 app by Apple.

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Intel in a press statement earlier has affirmed that the acquisition of Moovit will deepen Intel’s reach in Israel where it has already spent billions to acquire a number of other companies and also has a chip-making factory.

Interesting Read: Startup Glossary – 40+ Startup Terms Every Startup Founder & Entrepreneur Should Know

In 2015, Intel Corp. paid $15 billion in 2017 Israel’s Mobileye, a company that deals in autonomous vehicle technology. And now Moovit will join the Mobileye team to accelerate and revolutionise transportation.

Commenting over the development, Nir Erez in a statement said,

“Combining the daily mobility habits and needs of millions of Moovit users with the state-of-the-art, safe, affordable and eco-friendly transportation enabled by self-driving vehicles, we will be able to make cities better places to live in,”


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Mohammed Haseeb
Mohammed Haseeb

Founder and Editor-in-Chief of LAFFAZ Media, Haseeb is a self-taught business journalist with extensive experience in the business media industry. A tech enthusiast, digital marketer, and critical thinker, he brings startup news, inspiring stories, and exclusive conversations with founders and ecosystem enablers to a global audience. Over the years, he has collaborated with more than 50 startups across India, UAE, UK, US, and Canada, crafting impactful brand marketing strategies. Known for delivering sharp insights on startup ecosystem trends, Haseeb is dedicated to empowering entrepreneurs and driving growth in the digital economy.

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