Moovit is an Israel-based mobility as a service provider and journey planner app. It is owned by Intel through the Mobileye subsidiary since 2020. The company uses both crowdsourced and official public transit data to provide route planning to users as well as transit data APIs to transit companies, cities, and transit agencies. Because Moovit integrates crowdsourced data, it is able to provide transit information for areas where no data is officially available.
History
Originally called Tranzmate, Moovit was founded as a startup in Israel in 2012 by developers Nir Erez, Roy Bick, and Yaron Evron. The company raised $3.5 million in its first round of funding from Gemini Funds and BRM Capital. By the beginning of 2013, the company launched worldwide. In 2013, Moovit received of $28 million venture-capital funding from Sequoia Capital, BRM Group, and Gemini Funds. In March 2014, Moovit launched a "community editor" allowing volunteer editors to generate schedule and map data, providing transit data for areas in which no data is officially available to app developers. In January 2015, the company raised $50 million in its Series-C funding round from new and previous investors. In February 2018, Moovit raised another $50 million in its Series-D funding round. The funding was lead by Intel Capital, with participation by former investors. As part of the round, Amnon Shashua, vice president of Intel, joined Moovit's board of directors as an observer. In December 2017, the app reached 100 million users and provided service in 1,500 cities in 78 countries. In August 2019, Moovit announced that it is used by over 500 million people around the world and is available in more than 3,000 cities across 92 countries around the world. In February 2020, the app reached 720 million users and provided service in 100 countries, and by May 2020, when Intel acquired Moovit, it had 800 million users. In May 2020, Moovit was acquired by Intel for $900 million and has integrated with Mobileye.
Partnerships
Moovit has been named as the official mobility partner for several sporting events and sports teams. The company was the official mobility app for the 2016 Olympic Games, UEFA Euro 2016, and the 2018 Asian Games. In 2018, the company partnered with to provide mobility services for the multi-stage bicycle raceVuelta a España. Moovit has also been named as the official mobility app of AS Roma, Inter Milan, and Olympique de Marseille. In November 2018, it was announced that Moovit and Microsoft entered into a partnership to provide Moovit's public transit data to Azure Maps to provide transit data and APIs to developers. In February 2019, Moovit, TomTom, and Microsoft announced a multi-modal trip planner, combining driving, parking and taking public transit. In October 2019, Moovit began collaborating with Waze to integrate Waze's carpooling service into Moovit's service in the US, Brazil, Mexico and Israel. In January 2020, Moovit and Cubic Transportation Systems announced that they entered into a partnership to incorporate Moovit’s Mobility-as-a-Service functionality with Cubic’s Traveler App.
Product
Moovit offers a real-time journey planner mobile and web app to navigate public transit networks with GPS navigation across transit modes, including buses, ferries, rapid transit, trains, trams, trolleybuses, ride-hailing, shared bicycle, car sharing, and scooters. Users can access a live map, and view nearby stops and stations based on their current GPS location, as well as plan trips across transportation modes based on real-time data. The application differs from traditional public transit applications as it integrates official public transit data from transit operators with real-time data collected from users via crowdsourcing. In addition to passively sharing data, users can actively send reports, including reasons for delays, overcrowding, satisfaction with their bus driver, and Wi-Fi availability.
Services
In June 2017, Moovit announced a new tool for city authorities and transport agencies called 'Moovit urban mobility analytics' that uses population movement data and analytics to provide visual insights on public transport. In January 2019, Moovit announced TimePro, a cloud-based GPS-based AVL solution for transit agencies. TimePro provides real-time bus arrival to users, and a web dashboard displaying the information for all running vehicles. Moovit's Transit APIs are used by Uber and Lyft for public transit options. In October 2019, Michigan governorGretchen Whitmer announced that a mobility app will be developed by Moovit, offering autonomous vehicle rides for attendees of the 2020 North American International Auto Show in Detroit in June 2020.
