Intel recently agreed to buy Moovit, an Israeli MaaS (mobility as a service) solutions company, for $900 million to strengthen its automotive unit Mobileye.
Intel recently agreed to buy Moovit, an Israeli MaaS (mobility as a service) solutions company, for $900 million to strengthen its automotive unit Mobileye. Intel acquired Mobileye, which is also based in Israel, for over $15 billion in 2017.
Moovit's urban mobility app, which serves 800 million users in 102 countries, lets travelers plan trips by combining public transportation, bicycle, scooter, ride-hailing, and car-sharing services. Mobileye's ADAS (advanced driver-assistance systems) power vehicles from over 90% of the world's top automakers.