Moovex

Company Overview

Snapshot

Founded in January 2007, Moovex operates with 11–50 employees. The company secured funding across one round from five investors. In January 2024, Moovex was acquired by iCabbi, marking a significant milestone in its journey.

Business overview

Moovex provides a smart mobility platform designed to manage and optimize complex transportation operations for organizations, municipalities, and transportation providers. Its core technology transforms complex transportation demands into optimized shared rides by connecting stakeholders through a web management panel and driver/passenger applications. The platform considers over 100 parameters to optimize routes, minimize walking distances, assign drivers, and price rides, aiming for significant transportation cost savings. Moovex serves corporations, municipalities, airport shuttles, and ride-hailing companies in markets including Israel, Russia, and the United States, operating within the Automotive & Mobility Technologies sector.

Strategic signal

In March 2024, iCabbi announced the acquisition of Moovex and the launch of Move AI, integrating Moovex's technology. This acquisition signals a strategic move by iCabbi to enhance its offerings with advanced AI-driven optimization capabilities, particularly for non-emergency medical transportation (NEMT), and validates Moovex's platform as a key asset in the evolving mobility landscape.

Company Intelligence Q&A

What was a significant recent corporate development for Moovex?

In January 2024, Moovex was acquired by iCabbi, a multinational company, marking a key exit for the smart mobility platform.

When did Moovex debut its fleet optimization technology at GITEX?

Moovex debuted its fleet optimization technology at GITEX 2020 in December 2020, showcasing its solutions to a wider audience.

Which investors participated in Moovex's funding round?

In December 2015, Moovex received funding from investors including Azimuth and Founders Group.

What is Moovex's primary focus in the transportation industry?

Moovex focuses on managing and optimizing complex transportation operations for organizations, municipalities, and transportation providers, utilizing a smart mobility platform to create optimized shared rides.

Where does Moovex operate geographically?

Moovex has operations in Israel, Russia, and the United States, serving a diverse client base across these regions.