Intel acquires Israeli mobility startup Moovit for $900 Mn

โ“˜ Featured image: Moovit co-founder: Roy Bick (L) & Nir Erez (R); Credits:


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

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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.

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.

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,

โ€œCombining 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,โ€

M Haseeb
M Haseeb

Co-founder & CEO of LAFFAZ Media. A tech enthusiast, digital marketer and critical thinker. Has helped over 50 Indian startups by building digital marketing strategies.

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