21 Feb '18, 5pm

@moovit raises $50M to expand urban #mobility operating system #apps

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. Professor Amnon Shashua, sr. VP of Intel and CEO/CTO of Mobileye, will join Moovit’s board of directors as an observer. RELATED: Moovit adds wheelchair access feature to app Moovit Co-Founder/CEO Nir Erez said the company will use the fund...

Full article: http://www.metro-magazine.com/technology/news/728596/moov...

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