Press release
Intel Acquires Moovit to Accelerate Mobileye’s Mobility-as-a-Service Offering
Moovit is a MaaS Solutions Company Known for Its Popular Urban Mobility App SANTA CLARA, Calif.--(BUSINESS WIRE)-- Intel Corporation today announced it has
About this update from Intel Corporation
[{"type":"text","content":"\nMoovit is a MaaS Solutions Company Known for Its Popular Urban Mobility App\n\n SANTA CLARA, Calif.--(BUSINESS WIRE)--\n\nIntel Corporation today announced it has acquired Moovit, a mobility-as-a-service (MaaS) solutions company, for approximately $900 million ($840 million net of Intel Capital equity gain). Moovit is known for its urban mobility application that offers travelers around the world the best multimodal trip planning by combining public transportation, bicycle and scooter services, ride-hailing, and car-sharing. The addition of Moovit brings Intel’s Mobileye closer to achieving its plan to become a complete mobility provider, including robotaxi services, which is forecast to be an estimated $160 billion opportunity by 2030.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200504005508/en/Moovit is a Mobility-as-a-Service (MaaS) platform company best known for its mobile application that provides public transit and navigation data to simplify urban mobility in 3,100 cities around the world. Intel Corporation announced on May 4, 2020, that it would acquire the company. The app experience will not change and the company will continue to serve users, customers and partners with the exceptional level of service, professionalism and dedication they’ve come to expect. (Credit: Moovit)\n\n“Intel’s purpose is to create world-changing technology that enriches the lives of every person on Earth, and our Mobileye team delivers on that purpose every day,” said Bob Swan, Intel CEO. “Mobileye’s ADAS technology is already improving the safety of millions of cars on the road, and Moovit accelerates their ability to truly revolutionize transportation – reducing congestion and saving lives – as a full-stack mobility provider.”\n\n\nMoovit has established its leadership in the MaaS space with more than 800 million users and services in 3,100 cities across 102 countries. Today, Mobileye is the leading automotive solutions partner that enables advanced driver-assistance systems (ADAS) deployed on nearly 60 million vehicles with more than 25 automaker partners.\n\n\nMobileye is a growth engine for Intel as the company transforms for a world where the exponential growth of data fuels demand for technology solutions that can process, move and store more data faster. Intel is inv...