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 leverages AI-powered Mobility as a Service (MaaS) solutions for planning, operations, and optimization, aiming to reduce congestion, grow ridership, and increase efficiency. Moovit serves commuters and municipalities in the urban mobility sector, operating across various global markets including Israel, the United States, and Brazil, and is recognized within the Automotive & Mobility Technologies sector.

Strategic signal

In July 2026, Moovit announced a significant workforce reduction of 30% as part of a strategic restructuring by its parent company, Mobileye. This move indicates a pivot to reduce investments in certain Mobility as a Service (MaaS) activities, reallocating resources towards consumer-focused initiatives and deeper integration with Mobileye's robotaxi development. This signals a strategic shift towards autonomous vehicle integration and a refined focus within the broader mobility market.

Company Intelligence Q&A

What was the most recent strategic shift for Moovit?

In July 2026, Moovit announced a 30% workforce reduction as part of a restructuring by Mobileye, its parent company. This strategic move aims to decrease investment in certain MaaS activities and reallocate resources towards consumer initiatives and integration with Mobileye's robotaxi development.

When was Moovit acquired and by whom?

Moovit was acquired by Intel in May 2020. The acquisition was confirmed by Intel in May 2020.

What was the total capital raised by Moovit prior to its acquisition?

Moovit raised a total of $131.5 million across 4 funding rounds before its acquisition.

What was a notable partnership for Moovit in 2021?

In July 2021, Moovit integrated Lime electric scooters, bikes, and mopeds into its transit planning app, expanding its multimodal transportation options.

What was a key product development for Moovit in late 2022?

In November 2022, Moovit enabled users to track transit vehicles on a map in real-time within its application, enhancing the user experience for public transport navigation.