Pod Save America Hosts Call on Democrats to Cut All Israel Military Aid, No Longer Accept AIPAC Funding
Jews, Israelis Targeted in Austria Amid Surge in Antisemitic Incidents; Local Jewish Community Calls for Action
‘All of Our Strength’: Over 1,000 Pro-Israel Activists Gather in DC for Solidarity Conference
‘Devastated’: Wesley LePatner, Killed in Manhattan Mass Shooting, Was a Jewish Communal, Philanthropic Leader
Sen. Angus King Vows to No Longer Vote for Israel Military Aid Until Gaza Conditions Improve
Europe Won’t Pressure Israel to ‘Commit Suicide’ Amid Gaza Backlash, Palestinian State Push, Says Israeli FM
Israel’s National Soccer Coach Attacked in Athens Before Soccer Fans Chant ‘F–K Israel, Free Palestine’ at Match
New York Judge Sentences Neo-Nazi to 5 Years for Livestreaming Bomb Threats Against Jewish Hospitals
US Pressures Lebanon to Issue Cabinet Decision to Disarm Hezbollah Before Talks Continue
UK Plans to Recognize Palestinian State in September Unless Israel Meets Conditions, Starmer Says
Public Transit App Moovit Raises $50 Million in Round Led by Intel
Error: Contact form not found.
by Reuters and Algemeiner Staff
An Intel logo is seen at the company’s offices in Petah Tikva, Oct. 24, 2011. Photo: Reuters / Nir Elias / File.
Public transit app Moovit said on Wednesday it raised $50 million in an investmentround led by Intel Capital, bringing its total raised to date to $133 million.
All Moovit‘s earlier investors participated, including Sequoia Capital, BMW iVentures, NGP, Ashton Kutcher’s Sound Ventures, BRM, Gemini, Vaizra, Vintage and newcomer Hanaco.
Israel-based Moovit’s free app provides transit information to more than 120 million users in 80 countries.
Amnon Shashua, senior vice president of Intel Corp and CEO of Israeli autonomous vehicle technology firm Mobileye, will join Moovit‘s board as an observer.
Moovit cofounder and CEO Nir Erez said the company will use the funds to expand its global sales team and enhance its consumer products to support user growth.
“Moovit expects to surpass 1 billion users by 2021 and to expand significantly the number of cities that useMoovit’s data analytics to improve urban mobility,” Erez said, adding that the company plans to collaborate with Mobileye, which was acquired last year by Intel for $15.3 billion.
Shashua said the combination of Mobileye’s and Moovit’s technology and data “will be instrumental in making cities ready for autonomous vehicles.”
