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Intel Corporation has announced that it has acquired Moovit, a company operating as a company (MaaS), for an estimated $ 900 million ($ 840 million net capital in Intel Capital).
Moovit is known for its urban mobility app providing travelers around the world a comprehensive multi-modal travel system through a combination of public transit services, bicycle and motorcycle services, car sharing, and driver transport through mobile apps. Moovit's addition brings Intel & # 39; s Mobileye closer to implementing its plan to become a full-service travel provider, including robot services, which is believed to be worth an estimated $ 160 billi on by 2030.
"Intel's mission is to create technologies that change the world and enrich the lives of everyone in the world, and our Softye team achieves that goal every day," he said. Bob Swan, CEO of Intel. "Softye & # 39; s advanced driver & # 39; s assist (ADAS) technology has already improved the safety of millions of cars on the road, and Moovit is accelerating its ability to revolutionize travel by lowering traffic and saving lives, as a provider of comprehensive travel".
Moovit has launched it MaaS-based leadership with over 800 million users and services in 3,100 cities in 102 countries. Today, Sellye is a leader in automotive problems that enable advanced driver assistance systems (ADAS) that start operating in nearly 60 million vehicles with more than 25 car makers.
Mobileye is Intel's growth engine As the company evolves into a world where multiple data growth requires technological solutions that can process, move and store more information faster. Intel is investing and expanding to offer new market opportunities with a wealth of data, including the fast-growing market for ADAS, information technology and MaaS, covering an opportunity of over $ 230 million by 2030. Once the deal is closed, Moovit will join the Softye business, maintaining its intellectual and collaborative nature.
"Moovit's huge user base around the globe, the details of its related travel, the global publisher community, strong traffic and traffic flow and the natural and skilled team are what make it such a great investment," said the teacher Amnon Shashua, Chief Executive Officer of Softye. “Moovit is a strong brand trusted by hundreds of millions of people worldwide. Together, with Softye's extensive mapping skills and self-driving technology, we can accelerate our program to transform the future of travel. ”
Moovit was founded in 2012 and head to Tel Aviv, Israel with about 200 workers. Moovit combines information from operators and public transit managers with live data from the user community to give travelers a real picture of the best route for their trip. In the last 24 months, Moovit has experienced a sevenfold increase in the number of users. Moovit has also signed strategic partnership agreements with seafarers and companies in the travel system to analyze, run, deploy and deploy MaS. With this acquisition, Softye will be able to leverage Mozovit's largest travel set of technology based on customer demand and traffic patterns, as well as Moovit travel data collection from over 7,500 agencies. . Moovit's consumer apps and user information will continue under their brand.
“We are very excited to be joining forces with Sononyaye and leading future changes in new travel services. Transportation is a basic human right and as cities become more numerous, urban travel becomes more and more difficult. By combining the common daily travel habits and the needs of millions of Moovit users with the high-quality, safe, affordable and organized transportation provided by autonomous vehicles, we can make cities better places to live, ”he said. Nir Erez, co-founder and CEO of Moovit
Intel acquired Softye in 2017, and the company's revenue has more than doubled ADAS's increased adoption of Softye's industry-leading technology. Softye's safety technology aims to make roads safer, reduce traffic, and save lives. Softye offers comprehensive technological solutions that are technologically advanced, fast and safe and take into account many complex driving modes.
Cellular business model incorporates a whole host of automated driving features, including the front-facing dual ADAS modern camera, as well as conditional autonomous, also known as level 2+, and self-driving system Drainage system or SDS in English) private buses and robotaxis and others autonomous vehicles. Softye has strong performance in each category with advanced detection technology, public mapping capabilities and Responsible Sensitive Safety driving policy. By being part of Intel and Mobileye, Moovit will improve the Company's MaS strategy and adoption of autonomous travel.
