Moovit News
47 articles
growth-negative
Moovit laying off 10% of workforce
Moovit, an Israeli journey planning app, has announced layoffs across all departments, affecting 20-25 employees, or 10% of its workforce. This is the first round of layoffs since the company was sold to Intel in 2020 for $1 billion. The announcement follows a change in leadership three months ago when CEO Nir Erez became president and was replaced by Nir Bezalel. The company, which provides solutions in 100 countries and serves over a billion passengers a day, said the layoffs are part of its strategy to focus on its core business and accelerate the transition to profitability.
LayoffsManagement Changes
Neutral
Nir Erez stepping down as Moovit CEO after 13 years | CTech
Moovit, a transportation application company, is undergoing a change in its CEO for the first time since its establishment 13 years ago. Co-founder Nir Erez will step down from the CEO position and transition to serve as president and advisor to the new CEO, Nir Bezalel. This change is believed to be related to the expiration of the retention period for senior executives as part of the purchase agreement when Moovit was sold to Intel for approximately one billion dollars four years ago. Despite these changes, Moovits revenues have reportedly grown at a high rate in recent years.
Management Changes
growth-positive
Moovit users can now track transit vehicles on map in real time
Israeli urban trip planning app Moovit has introduced a new feature called Live Location, which allows users to track the movements of transit lines in real time on the apps map. The feature brings a higher level of accuracy and certainty to users commutes. It is available for buses, trains, trams, subways, ferries, and cable cars in over 220 cities across 38 countries. Users can view multiple lines moving on the map simultaneously and receive service alerts. The Live Location feature is similar to one that Google Maps added to its service four years ago.
Customers
growth-positive
Moovit Adds Personalized Travel Info To Its App
Moovit, the Israeli journey planning startup, has introduced new features on its app to provide personalized travel information to passengers globally. The features include return trip reminders, personalized trip suggestions, and instant travel suggestions based on previous app activity, current location, and time of day or week. Moovits app now predicts the users travel needs as soon as its opened. The company, which was acquired by Intel for $900 million in 2020, has expanded its services beyond a journey planner app and now serves over a billion users worldwide. Moovit is expected to launch self-driving, ride-sharing services, and electric shuttles.
CustomersExpand
growth-positive
Moovit powers public-transport independence for the blind
Moovit has partnered with WeWALK to enable blind and partially sighted users to navigate public transportation independently. This partnership aligns with Moovits mission to simplify urban mobility for everyone. Moovits technology allows WeWALK users to identify and navigate to bus stops and train stations, access real-time arrival information, and receive step-by-step guidance for their journey. The partnership aims to provide greater access to opportunities for employment, education, and social activities for the disabled community. Moovit is constantly enhancing its application to cater to users with different accessibility needs. The article does not mention any specific investors or acquisition/valuation amounts. The event described in the article does not have a specific date.
Partners
growth-positive
Bird shared vehicles now featured in Moovit transit planning app
Transit planning app Moovit has integrated Birds shared e-scooters and e-bikes into its app, allowing users in 65 cities across 12 countries to locate nearby Bird vehicles in real time. Moovit plans to expand the integration to U.S. cities in the future. Bird has multiple mobility-as-a-service integrations and is looking to increase its reach. Moovit, with over 1 billion urban users in over 3,400 cities, has integrated about 300 mobility providers into its app. Moovit and Bird plan to collaborate on urban mobility research. Moovit aims to be a true MaaS platform and offers various forms of alternative transport, including on-demand shared mobility.
PartnersCustomers
growth-positive
Moovit integrates Lime electric scooters, bikes, mopeds into transit planning app
Lime has announced a partnership with Moovit to integrate its electric scooters, bikes, and mopeds into the Moovit trip planning app. Limes vehicles will be included as a travel option in Moovit in 117 cities across 20 countries. This partnership is the largest micromobility integration within an app fully dedicated to mobility as a service (MaaS) to date. Lime aims to add 40 more cities in the coming months. The partnership follows the trend of integrating public transit, ridesharing, and micromobility into one optimized system. Limes lead investor, Uber, has also expressed plans for such centralization. The partnership aims to provide riders with more convenient modes of public and shared transportation, especially in congested cities. Lime hopes to reduce car travel and encourage people to take public transit. The integration with Moovit and Google Maps allows users to see Lime vehicles in real-time and choose them for first- or last-mile solutions to mass transit.
Partners
growth-positive
Moovit, Kavim launch Israel's first rural ridesharing bus service
Israels Ministry of Transport and the Kavim bus company have launched a new flexible public transport service called Quicker. The service allows riders to book bus trips through the Moovit app, providing personalized and efficient routes. The collaboration between the Ministry of Transport, Kavim, and regional councils aims to streamline public transport in the Lev Hasharon and Emek Hefer region. The service will serve 67,000 residents and offers morning commutes to various destinations in the area. The fare is NIS 7 for up to 15km and NIS 10 for longer rides. The service operates on weekdays and weekends, with the goal of increasing the attractiveness of public transport and reducing reliance on cars in the rural area.
Customers
growth-positive
Moovit partners with Israel Railways and Carmelit to pay for train rides across the country
The Ministry of Transport has selected Moovit, a Mobility-as-a-Service app, to provide trip planning and payment options for Israel Railways and Carmelit riders. Moovits app, with payment capabilities provided by Pango, eliminates the need for travel passes or RavKav cards, making it more convenient for travelers. The app has already been in service for bus routes in the country. Moovits CEO and COO are Nir Erez and Roy Bick, respectively. The company was acquired by Intel for $900 million in May 2020. Moovit has around six billion data points per day and 950 million users in 112 countries and 45 languages.
CustomersPartners
growth-positive
Moovit Reveals Its Annual Global Public Transport Report: Here's What Transit Commutes Looked Like in 2020
Moovit, an Intel Company, has launched its 2020 Global Public Transport Report, providing a comprehensive breakdown of how people moved around their cities last year, including the impact of COVID-19 on public and shared transportation usage. The report also offers insights into what riders need to feel safe. The data revealed that public and shared transportation riders are open to new transit options that are considered safe and convenient, such as future robotaxi services. Mobileye, a leader in autonomous vehicle technology and Moovit’s sister company, plans to harness Moovit’s mobility behavioral insight to offer autonomous MaaS in key markets globally.
CustomersPartners
growth-positive
How Moovit planned its own route to a dream destination
Moovit, the Israeli public transport journey planner app, has been acquired by Intel for $900 million with an additional $100 million paid to retain the companys employees. Moovits CEO, Nir Erez, stated that the failed investment by Ford two and a half years ago led them to find a new investor, which turned out to be Intel. Moovits app helps users plan their best route and the company sells the data it gathers to local authorities and public transport operators. The acquisition by Intel aligns with their vision of using Moovits data and understanding of peoples movement to enhance their autonomous car technology. Moovits CEO expressed pride in being able to change the world of transport from Israel. The negotiations for the acquisition were conducted remotely during the global crisis, demonstrating Intels long-term view.
InvestmentAcquisition
growth-positive
Intel Acquisition Happened Very Quickly, it was all Done Over Zoom, Reveals Moovit CEO
Moovit App Global Ltd., an Israel-based company, was acquired by tech giant Intel for nearly $1 billion. The CEO and co-founder, Nir Erez, stated that the deal happened quickly after receiving an offer a month ago. The acquisition will not affect the companys employees negatively, as Intel and Mobileye, a subsidiary of Intel, have long-term objectives and want to ensure that employees are well rewarded. Moovit provides insights into patterns of supply and demand for autonomous driving integration into the existing transportation fabric. The acquisition was completed virtually via Zoom video calls. Moovit will continue to provide services to its users and customers, and the integration with Mobileye will add new services and automation. The company has seen increased interest from private companies due to the COVID-19 pandemic.
Acquisition
growth-positive
Intel confirms Moovit acquisition
Intel has acquired Israeli mobility-as-a-service (MaaS) solutions company Moovit for $900 million. The acquisition brings Intels Mobileye closer to becoming a complete mobility provider. Moovit is known for its urban mobility application that combines public transportation, bicycle and scooter services, ride-hailing, and car-sharing. The addition of Moovit is expected to accelerate Intels timeline to transform the future of mobility. Moovit has a massive global user base and strong partnerships with key transit and mobility ecosystem partners. The company was founded in 2012 and has raised $134 million in funding.
Acquisition
growth-positive
Amnon Shashua: Moovit Fits in with Mobileye's Wider Vision
Intel has acquired Moovit for approximately $900 million. The acquisition aligns with Intels vision of becoming a vertical company and building a complete mobility solution. The integration of Moovit will help advance Intels autonomous vehicle technology and enable the company to provide value at every layer of the solution stack. Moovits large customer base and data aggregation capabilities will also contribute to Intels future mobility services. Intel plans to keep Moovit as an independent company, similar to its approach with the acquisition of Mobileye in 2017. The acquisition is expected to support the growth of Mobileyes revenues.
Acquisition
growth-positive
Intel in Talks to Acquire Israeli Startup Moovit for $1 Billion
Intel is in talks to acquire Moovit App Global Ltd., a public transit app developer, for $1 billion. This acquisition is related to Intels previous acquisition of Mobileye and will enable the company to manage urban transportation globally. Moovit provides real-time public transit information in numerous cities and countries, with over 775 million users. The company recently shifted its model to help operators and cities adhere to local regulations during the COVID-19 pandemic. The $1 billion deal is close to being signed.
AcquisitionPartnersInvestment
growth-positive
Gag Facebook post leads Moovit to orient users to bus stops
Moovit, an Israeli public-transport app, has launched a new augmented-reality feature called Way Finder. The feature provides digital directions and signs on top of the camera view to help users locate correct bus stops, subway entrances, and other points of interest. Way Finder was developed by a team of four employees during Moovits Moovithon hackathon. The company aims to simplify urban mobility and improve user experiences. The new feature is currently available on iOS devices and will expand to include additional capabilities in the future. Moovit has over 700 million users in 3,100 cities across 98 countries.
CustomersExpand
growth-positive
Israel-founded urban transport app Moovit reaches its 100th country
Israel-founded urban mobility app, Moovit, has expanded its services to its 100th country, now reaching 720 million users in over 3,100 cities across six continents. The company, which provides real-time public transportation schedules and route options, collects up to six billion anonymous data points from users each day, making it the worlds largest source of transit and urban transportation data. Moovit recently appointed Uli Gal-Oz as the new vice president of business development and has partnered with international firms including Uber, Microsoft and Waze.
CustomersPartnersManagement Changes
growth-positive
Public Transportation App Developer Moovit Launches Augmented Reality Feature
Israel-based public transit app developer Moovit App Global Ltd. has launched an augmented reality feature called Way Finder. The feature adds digital directions, icons, and notifications to a live camera view to help users locate correct bus stops and subway stations. The new feature was added following a users feedback on Facebook. Moovit is a free mobile navigation app that provides real-time public transit information in 3,000 cities and 92 countries. The app has over 500 million users and a database of over 7,000 public transportation operators.
Customers
growth-positive
Moovit adds AR navigation to its urban transport app
Moovit, the navigation and transit app provider, is introducing a new augmented reality (AR) feature called Way Finder to its mobile app. This feature helps users visually find stops and stations for public transport by using their devices camera. It aims to solve the problem of users getting off a bus and not knowing which direction to head or which side of the road the station entrance is on. Way Finder provides live directions and overlays relevant data on the live camera view, including the name and location of the bus stop or station. The feature is currently available in beta on the Moovit iPhone app and will soon be available on Android.
Customers
growth-positive
Hitting half a billion users, Moovit's mobility empire wraps up record year
Moovit, an urban mobility company, has reached over half a billion users on its public transportation application. The company has formed partnerships with major multinationals such as Uber, Microsoft, and Waze. Moovit has raised significant funding from investors including Intel Capital. The companys app provides real-time bus, train, subway, and light rail schedules, as well as route options and instructions. Moovit also offers transit data analytics to transportation agencies through its Smart Transit Suite. The company aims to simplify urban mobility worldwide and integrate micro-transit services into its app. Moovit has evolved into a mobility-as-a-service provider, offering a multi-modal mobility experience. The company has recently partnered with Waze to provide a carpooling service. Moovit plans to continue growing its user base and aims for an IPO in the future.
PartnersInvestmentExpand
growth-positive
Moovit and Waze Carpool join forces in US, Brazil, Mexico
Moovit, the urban transit app, has formed a pilot partnership with driving destination app Waze. The partnership allows Moovit users to match with Waze Carpool drivers in the US, Brazil, Mexico, and Israel. Riders share the costs, and the first ride is free for new riders. This is the first third-party transit integration for Waze Carpool and the first third-party carpool offering to be integrated into Moovit. The partnership aims to decrease traffic and congestion by encouraging carpooling. Moovit has also recently partnered with Microsoft and Aira to provide real-time public transit guidance for blind and low-vision users.
Partners
growth-positive
Moovit-Waze collaboration to provide pilot car-pooling service
Moovit, an app that provides real-time public transportation schedules, has partnered with navigation app Waze to offer a pilot carpooling service in the US, Brazil, Mexico, and Israel. The partnership will allow Moovit users to tap into Wazes carpool driver community and get added transit solutions beyond public transportation. The service will be gradually rolled out to Android users, with an iOS rollout to follow. Moovit currently serves over 500 million users in 3,000 cities across 93 countries.
Partners
growth-positive
Moovit To Integrate Waze Carpooling In Urban Transport App For Better Commuting
Israeli transit data company Moovit has announced a partnership with navigation app Waze to integrate Wazes carpooling feature into Moovits transportation app. The partnership will allow commuters in the US, Brazil, Mexico, and Israel to ride together for an affordable and eco-friendly way to commute. This is the first third-party transit integration for Waze Carpool and the first third-party carpool offering to be integrated into Moovit. The feature will be rolled out to Android users first and then iOS at a later date. The partnership aims to empower millions of commuters to share the road and the costs. Moovit has over 500 million users on its urban transport app, while Waze has the largest community of drivers globally.
Partners
growth-positive
Moovit partners with Circ to offer dockless scooters in the world's #1 urban mobility app
Moovit, a leading Mobility as a Service (MaaS) provider, has partnered with Circ, a micro-mobility operator in Europe, to add dockless scooters to its service. This partnership allows Moovit users to locate nearby Circ dockless scooters within the Moovit app, providing more convenient and efficient travel options. The integration is initially available in six countries, with more countries and features to follow. Moovit aims to offer users all the mobility options in their city, combining public transit with micro-mobility options. The partnership with Circ will drive the use of public transport for the last-mile from the metro station to the users destination. Moovit is a global leader in route planning and public transit integrations, with over half a billion users and partnerships with companies like Microsoft, Uber, and Lyft.
Partners
growth-positive
Uber Expands Partnership With Moovit
Uber is expanding its integration of Moovit data into its app, allowing riders to access real-time transit data and route planning in 15 additional cities, including Paris and San Francisco. This collaboration with Israel-based public transit app developer Moovit was first announced in February and initially covered London and four other cities. As part of the expanded partnership, Lyft is also set to implement a similar service in New York. Moovit, founded in 2012, offers a free mobile navigation app with real-time public transit information in 3,000 cities and 92 countries, and has over 500 million users.
PartnersExpand
growth-positive
French Soccer Team Olympique de Marseille Partners With Israeli Public Transit App Moovit
French soccer team Olympique de Marseille has partnered with Moovit App Global Ltd. to provide fans with information about arrival options to the stadium via public transportation, bicycles, or by foot. Moovit is an Israel-based public transit app developer that offers real-time public transit information in numerous cities and countries. The financial terms of the partnership were not disclosed.
Partners
Moovit Reaches Half a Billion Users in 3000 Cities Around the Globe
growth-positive
Moovit launches Eurovision version to help tourists navigate Tel Aviv events
Moovit, a startup that provides real-time information about public transportation schedules, has launched a new version of its app to help Eurovision song festival tourists navigate their way to and from events in Tel Aviv. The app will provide information about the special free shuttles that the Tel Aviv Municipality will be operating for attendees of the Eurovision events. Moovit has more than 430 million users globally and is available in over 2,800 cities in 90 countries.
Customers
growth-positive
Uber Partners With Moovit on London's Public Transportation
Uber has announced that it will offer London users the option of tracking live bus and tube times via its app. This feature is the result of Ubers collaboration with Moovit, an Israel-based public transit app developer. Moovits application programming interface will provide Londoners with public transportation information in addition to Ubers carpooling options. Moovit expects this collaboration to expand to other cities in the future.
Partners
growth-positive
Moovit taps SpotHero to show parking spots in multi-modal transit app
Transit app Moovit has announced a partnership with off-street parking marketplace SpotHero to surface parking spots near transit stations. The integration will gradually roll out across the US, starting in San Francisco. Users will be able to search for parking lots through the Moovit app and view dynamic information on spot availability. They can also book and pay for parking through the SpotHero app. Moovit has raised around $130 million from investors including Intel Capital, NGP Capital, BMW i Ventures, and Sequoia. The company also operates a mobility-as-a-service platform and has partnered with Uber for several years.
Partners
growth-positive
Microsoft, TomTom Partner With Israeli Navigation Startup Moovit
Microsoft, TomTom, and Moovit have partnered to unveil a joint trip planning app based on Microsofts Azure Maps technology. The app is designed to identify and present all driving, parking, and public transportation options for a specific trip, including real-time driving directions, public transport data, car, scooter, and bike-sharing information, parking lots, and on-foot travel. Moovit, a public transit app developer, will integrate its public transit information into Microsofts Azure Maps. Moovit has raised approximately $132 million to date, with investors including Ashton Kutcher and BMW iVentures. The partnership was announced during a keynote presentation at the MOVE 2019 mobility conference in London.
Partners
growth-positive
Inter Milan Partners With Moovit to Help Fans Navigate Public Transit
MLB is launching its first virtual ballpark, a digital experience that aims to enhance the sports fan experience. LaLiga has also relaunched its app to provide a more personalized and interactive experience for fans. Better Collective has acquired Playmaker HQ for a package of up to $54 million. The San Diego Padres have created a pitching lab using Qualisys motion capture platform. Tonsser has signed a five-year partnership with Eredivisie Media Marketing to promote youth players in the Netherlands.
PartnersAcquisition
growth-positive
Moovit Launches Real-Time Public Transport Tracking System
Israel-based public transit app developer Moovit App Global Ltd. has launched its new, real-time vehicle location tracking system called TimePro. The cloud-based system provides transportation companies with location information for all their running vehicles. The information is received through a bus driver app, which runs on any smartphone or tablet that the driver carries on the bus, and constantly transmits the vehicle’s location to Moovit’s servers. Moovit has raised approximately $132 million to date, with investors including Ashton Kutcher and BMW iVentures.
PartnersInvestment
growth-positive
Moovit Helps 300M People Catch Their Bus Every Day
Moovit, a mobility app that provides users with public transit information, has partnered with Microsoft to provide transit data for Azure Maps. The app, which has over 300 million users, collects data from users to provide information on public transit routes and schedules. The data collected is then used to improve the apps services and provide more accurate information to users. Moovit CEO Nir Erez said the company is growing organically, adding about one million new users every day without spending on growth. The company also plans to monetize by selling its mobility as a service platform and analytical data to cities and transit operators.
CustomersPartners
growth-positive
Moovit Maps Its Way All The Way to Microsoft
Israel-based public transit app developer Moovit will integrate its public transit information to Microsoft’s Azure Maps. This collaboration will allow Moovit to run its public transit data and interface on Microsoft Azure. Moovit has a free public transportation app with over 300 million users and operates in more than 2,600 cities in 85 countries. The company has raised $133 million to date and has been chosen as the official transit app for more than 100 cities and worldwide events. Moovit will provide Microsofts maps with A-to-B trip planning, nearby stations, transit line information, and step-by-step itineraries.
PartnersExpand
growth-positive
Moovit raises another $50M led by Intel for its urban transit app, plans Mobileye collaboration
Israeli startup Moovit has raised $50 million in a Series D funding round led by Intel Capital. The funding will be used to expand the companys technology and business development. Moovits data will also be incorporated into Mobileyes navigation system as part of the strategic investment. Moovit expects to surpass 1 billion users by 2021 and collaborate with Mobileye to shape the future of urban mobility. To date, Moovit has raised a total of $131 million in funding. The companys valuation is likely to be well above $500 million post-money.
PartnersInvestment
growth-positive
Moovit unveils the global transit usage report 2016
Moovit, the public transport app, has reached 50 million users globally and has released its Global Transit Usage Report, which analyzes big data from 50 million commuters in 47 countries. The report reveals that the UK has the longest total daily commute time in Europe, with Birmingham having the longest average commute time of 94 minutes. The report also shows that UK cities have the highest percentage of waits at stops over 20 minutes. However, Londoners have the shortest total walking distance required per trip. Moovits data was collected over three months from its 50 million users in more than 47 cities globally.
Customers
N/A
Former Netflix, Kabam comms exec Steve Swasey joins transit app Moovit
The article does not provide any information or content.
growth-positive
Moovit and Rock the Vote team up to get you to the polls
Transit app Moovit is partnering with Rock the Vote to help users find routes to their correct polling places via public transit, bike sharing services, or Uber on election day. Moovit aims to address transportation problems that prevent Americans from voting. The partnership makes it easier for users to get to the polls by providing real-time information on transit lines and reminding them of voter registration deadlines.
Customers
growth-positive
Moovit transit app integrates with Uber
Moovit, the local transit app, will soon be integrated with Uber in 131 cities across 22 countries. This integration aims to provide users with more options for managing local trips and make public transit a more viable option. A study by the American Public Transportation Association found that people who use ride-sharing services like Uber are more likely to use public transit and own fewer cars. The integration with Uber allows Moovit users to order an Uber for all or part of their journey, giving them more freedom in deciding how to travel.
Partners
growth-positive
Moovit Launches Version 4.8 With Live City Cycle Share Updates
Moovit, a public transportation app, has released version 4.8 which includes live updates on city-wide bicycle sharing programs. Users can now locate the nearest bicycle station and check availability. The cycle information is available in 110 cities worldwide, including New York, San Francisco, London, Paris, Berlin, Rome, and Tel Aviv. Moovit, founded in 2011, has raised $81.5 million in funding from investors such as BRM Capital, Sequoia Capital, Nokia Growth Partners, and Gemini Israel.
CustomersPartnersInvestment
growth-positive
Moovit launches ridesharing services in Israel
Israeli navigation app developer Moovit is launching a ridesharing services trial called Moovit Carpool, allowing private drivers to offer rides for a small charge. The service will be integrated into Moovits existing public transport app and will allow users to choose between public transport and ridesharing. The ridesharing charge will be similar to the public transport charge for the same journey. Moovit has raised $84 million to date and has a large and loyal app community. The company was founded in 2011 and is available in 60 countries and over 800 cities.
CustomersPartners
growth-positive
Ashton Kutcher fund invests in Israeli co Moovit
Moovit, the public transit app, has secured a new investment from Sound Ventures to expand its coverage in India and China. The funding will be used to launch services in three more Indian cities and four Chinese cities. Moovit uses crowdsourced data to fill in the gaps in public transit information provided by local authorities. The company has raised over $81 million from investors including Nokia Growth Partners, BMW i Ventures, BRM Group, and Sequoia Capital. Moovit currently has 30 million users worldwide.
Expand
growth-positive
Moovit Rolls Out In India
Israeli public transit app Moovit is expanding its service in India, starting with Bangalore. Moovit combines transit data with inputs from commuters to provide live public transport information and suggest faster and more convenient routes. The company has already raised $81.5 million in financing and is available in over 700 cities in 58 countries with 28 million users worldwide.
Customers
growth-positive
Gett and Moovit combine taxis and public transport
Israeli startup Moovit is cooperating with Gett to expand its app for navigating public transportation to include Getts taxis. Users of the Moovit app will be able to compare arrival times from the point of origin to the destination, including buses, trains, and taxis. The app will make it possible to combine public transportation routes with taxis, especially in cases where there are no public transportation routes for part of the way. The option of ordering a Gett taxi from the Moovit app is currently available only in Israel for Android users, but will be available to iOS users soon. The cooperation between Moovit and Gett is unique and does not exist in other apps. The companies plan to expand their cooperation to other places around the world.
PartnersExpand
growth-positive
Moovit, the app for bus and subway riders, takes $50M onboard
Public transportation app Moovit has raised $50 million in a funding round to help expand its services. The app, which provides users with a variety of public transportation routes and arrival times based on crowdsourced data, currently supports public transit in over 60 US cities and more than 500 localities worldwide. The funding will be used to refine and expand product features and grow the user base globally. Investors in this round included BMW i Ventures, Nokia Growth Partners, Keolis, Bernard Arnault Group, and Vaizra Investments.
InvestmentExpand
growth-positive
Moovit Raises $28M From Sequoia And Others To Be The Waze For Crowdsourced Public Transit Data
Social transit app Moovit has closed a $28 million funding round led by Sequoia Capital. The company offers Android and iOS apps that provide users with real-time data on public transportation, including arrival times and fastest routes. Moovit uses predictive analytics and crowdsourced data to give users up-to-date information. The app has accumulated 3 million users and handles more than one billion requests for real-time information. The funding will be used to expand to Asia and invest in technology and data analytics. Moovits data could potentially be complementary to Google Maps. Moovit is frequently compared to Waze, which was acquired by Google for $1.1 billion.
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