Intel continues to invest in mobility services of all varieties, this time purchasing the Moovit app for $900 million. The company already invested in the Israeli-developed urban mobility startup back in 2018, but now acquired it entirely, Forbes reported on May 4th.
The cross-platform Moovit has 800 million users in 3,000 cities and 102 countries. It operates on combining data from public transportation services and offering the most suitable available routes to its users. Moovit is anticipated to be an excellent companion to Intel’s subsidiary Mobileye that develops the world’s front vision tech designed for ADAS, or the advanced driver-assistance systems.
Senior vice president for Intel and president and chief executive officer for Mobileye, Professor Amnon Shashua, made a lengthy welcome statement in his blog, outlining the brand’s plans. According to the post, their XaaS strategy is multimodal: it is also different from any company in this field and is extremely nuanced. It is set to enable Intel through Mobileye and Moovit to conduct propositions for self-driving systems, robotaxi services and more.