Moovit

Company Overview

Snapshot

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

Business overview

Moovit is a real-time application designed for smart public transit, combining data from public transit operators and authorities with live information from its user community. This enables Moovit to provide travelers with real-time insights, including optimal route planning. The company leverages up to 5 billion anonymous data points daily to build the world's largest repository of transit data, supported by a network of over 625,000 local editors. Moovit also offers a suite of AI-powered Mobility as a Service (MaaS) solutions for planning, operations, and optimization, serving industries focused on reducing congestion, growing ridership, and increasing efficiency. It operates in the Automotive & Mobility Technologies sector, specifically within Urban Mobility and Eco-Efficient Mobility Optimization & Logistics.

Strategic signal

In July 2026, Moovit announced a significant restructuring, reducing its workforce by 30% and shifting its strategic focus. This move indicates a pivot away from certain B2B activities to concentrate resources on its contribution to Mobileye's Robotaxi venture, signaling a deeper integration with its parent company's autonomous driving initiatives and a refined strategic direction for investors.

Company Intelligence Q&A

When was Moovit acquired and by whom?

Moovit was acquired by Intel in May 2020.

What was the most recent strategic shift announced by Moovit?

In July 2026, Moovit announced a reduction of 30% of its workforce and a strategic pivot to focus on its contribution to Mobileye's Robotaxi venture, reducing its B2B activities.

Who are the co-founders of Moovit?

Moovit was co-founded by Nir Erez and Roy Bick.

Which companies did Moovit partner with for carpooling services?

In October 2019, Moovit collaborated with Waze to provide a pilot car-pooling service, and in November 2019, they joined forces for Waze Carpool in the US, Brazil, and Mexico.