Moovit raises $50M to expand urban mobility operating system
All of the company's earlier investors participated, including Sequoia, BMW iVentures, NGP, Ashton Kutcher’s Sound Ventures, BRM, Gemini, Vaizra, Vintage, and newcomer Hanaco.
Moovit App Global Ltd. closed a $50 million Series D round led by Intel Capital. All Moovit’s earlier investors participated, including Sequoia, BMW iVentures, NGP, Ashton Kutcher’s Sound Ventures, BRM, Gemini, Vaizra, Vintage, and newcomer Hanaco.
Moovit’s free app provides comprehensive transit information to more than 120 million users in more than 2,000 cities in 80 countries. The company has amassed the world’s largest repository of transit data and generates more than one billion movement data points a day. Moovit shaped its data into the Smart Transit Suite to help municipalities and transit operators better manage their networks.
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Professor Amnon Shashua, sr. VP of Intel and CEO/CTO of Mobileye, will join Moovit’s board of directors as an observer.
Moovit Co-Founder/CEO Nir Erez said the company will use the funds to continue its mission to be part of every urban mobility trip. This includes expanding its global sales team, enhancing its consumer products to support user growth, and investing in its Mobility as a Service (MaaS) platform.
“Moovit expects to surpass 1 billion users by 2021 and to expand significantly the number of cities that use Moovit’s data analytics to improve urban mobility,” Erez said. “We are especially thrilled about our plans to collaborate with Mobileye. It’s a synergistic relationship at an exciting time to be shaping the future of urban mobility.”
The infusion of capital brings to $133 million the total raised by Moovit.
In this edition of Biz Briefs, we highlight the latest developments shaping the future of mobility — from manufacturers and technology providers to transit agencies and motorcoach service operators.
Masabi and Passenger share a vision for the future of public transport — connected, customer-centric, and cloud-native — where every step of the journey works together seamlessly to elevate the transit experience.
The addition now allows customers to tap their contactless debit or credit card, or a mobile wallet, such as Apple Pay or Google Pay, directly on the onboard fare validators.
The upgraded system, which went live earlier this month, supports METRO’s METRONow vision to enhance the customer experience, improve service reliability, and strengthen long-term regional mobility.
CEO Nat Ford’s address offered a look at highlights from 2025, with a focus on the future and the innovative ways the JTA is shaping mobility in Northeast Florida.
Expected to enter service in 2029, these locomotives support the agency’s commitment to offer reliable and efficient rail transportation across South Florida.
