Intel buys transit app maker Moovit to advance its mobility ambitions

Intel acquired Israel-based Mobileye in 2017 for $15.3 billion, and today, Mobileye is used in 300 car models by 25 automakers. Its successes have included partnering with Volkswagen to launch an autonomous EV ride-hailing service and partnering with China’s public transit in an effort to go autonomous.

Mobileye will use Moovit’s transportation data to improve its predictive technologies based on consumer demand and traffic patterns. It will also tap into Moovit’s data on public transit operators and authorities.

Moovit, which launched in 2012 in Israel, will remain an independent subsidiary and retain its own branding and partnerships, like the ones it has with Waze and Uber. Intel hopes to “empower Moovit to dream bigger, reach higher,” Shashua wrote in a blog post.