M&A: Intel acquires transit app Moovit for USD900 million
Acquisition will help Intel’s Mobileye become a complete mobility service provider, including robo-taxi service
Intel has acquired Moovit, as Israel-based startup specializing in Mobility-as-a Service (MaaS), for around USD900 million, the US-based chipmaker said in a press release on 4 May. Moovit, founded in 2012, has developed an urban mobility app that offers commuters the best multimodal trip planning by combining public transportation, bicycle and scooter services, ride-hailing, and car sharing. Moovit’s transit app is used by more than 800 million users in more than 100 countries. The company has around 200 employees.