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M&A: Intel in talks to acquire Israeli start-up Moovit

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Acquisition, divestment & Spinoff

Intel is one of key investors in Moovit led Series D financing round

Intel is in the advanced stage of talks to acquire Moovit, an Israel-based startup specializing in Mobility-as-a-Service (MaaS) for USD1 billion, Globes reported on 3 May. Moovit, founded by Nir Erez, Roy Bick, and Yaron Evron in 2011, has developed a public transport journey planner and mobility app. The company’s app is used by 720 million people in 3,100 cities in more than 100 countries globally and 45 languages. Moovit expects its user base to cross 1 billion by 2021.

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