Moovit

Company Overview

Snapshot

Founded in August 2011 by Nir Erez and Roy Bick, Moovit operates with 201–500 employees. The company raised $131.5 million across 4 funding rounds from 13 investors before being acquired by Intel in May 2020.

Business overview

Moovit provides a real-time application for smart public transit, combining data from public transit operators and authorities with live information from its user community. The company's core technology offers travelers real-time insights and optimal route planning. Moovit serves the urban mobility market, leveraging AI-powered Mobility as a Service (MaaS) solutions for planning, operations, and optimization to reduce congestion, grow ridership, and increase efficiency. It operates within the Automotive & Mobility Technologies sector, with a focus on urban mobility and eco-efficient transportation.

Strategic signal

In June 2024, Moovit announced a workforce reduction of 10%. This signals a strategic adjustment within the company, potentially indicating a focus on streamlining operations or adapting to market shifts post-acquisition by Intel.

Company Intelligence Q&A

When was Moovit acquired and by whom?

Moovit was acquired by Intel in May 2020.

What was the most recent operational change at Moovit?

In June 2024, Moovit announced a layoff of 10% of its workforce.

Who are the founders of Moovit?

Moovit was founded by Nir Erez and Roy Bick.

What significant leadership change occurred at Moovit recently?

In March 2024, Nir Erez stepped down as CEO of Moovit after 13 years.

What was a key partnership for Moovit in 2021?

In July 2021, Moovit integrated Lime electric scooters, bikes, and mopeds into its transit planning app. In October 2021, Bird shared vehicles were also featured in the Moovit transit planning app.