About Moovit
Moovit is a company based in Ness Ziona (Israel) founded in 2012 by Nir Erez and Yaron Evron was acquired by Intel in May 2020. Moovit has raised $131.5 million across 5 funding rounds from investors including Intel, Keolis and Sequoia Capital. Moovit operates in a competitive market with competitors including HopOn, Passport, Bytemark, Tripshot and Mobilleo, among others.
- Headquarter Ness Ziona, Israel
- Founders Nir Erez, Yaron Evron
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Sectors
Transportation, Automotive & LogisticsTechnology
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- Legal Name Moovit App Global Ltd
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People of Moovit
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Funding Insights of Moovit
Moovit has successfully raised a total of $131.5M across 5 strategic funding rounds. The most recent funding activity was a Series D round of $50 million completed in February 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Moovit
Moovit has secured backing from 12 investors, including institutional and venture fund investors. Prominent investors backing the company include Intel, Keolis and Sequoia Capital.
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Sequoia Capital is engaged in venture capital investments.
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BMW i Ventures is focused on investing in automotive technology startups.
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Early & Late stage tech-focused VC firm investing primarily in the US, Israel and Russia
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Investor details for Moovit
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Investments & Acquisitions by Moovit
Investment portfolio details for Moovit
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Financial Statements - Moovit
Detailed financials for Moovit
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Moovit Comparisons
Peer comparison for Moovit
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Competitors of Moovit
Moovit operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as HopOn, Passport, Bytemark, Tripshot and Mobilleo, among others.
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SaaS mobility-as-a-service and data collection for public transit are provided.
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Passport is recognized for providing parking management software solutions.
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Mobile ticketing and payment systems are provided for transit operators.
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Saas-enabled platform offering operations management solutions for transit operators
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SaaS-driven mobility solutions are offered for business travel bookings.
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Detailed competitors of Moovit
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Latest news on Moovit
Complete news archive for Moovit
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Frequently Asked Questions about Moovit
Moovit was founded in 2012.
Moovit is headquartered in Ness Ziona, Israel. It is registered at Ness Ziona, Central District, Israel.
Nir Erez is the current CEO of Moovit. They have also founded this company.
Moovit is a funded company, having raised a total of $131.5M across 5 funding rounds to date.
Moovit was founded in 2012 in Ness Ziona, Israel, as a developer of an AI-enabled platform focused on mobility-as-service for transit operators. Services provided include payments management, operations oversight, data analytics, live transit coordination, trip planning, and AI-driven congestion management. The platform supports transit efficiency in urban environments, with operations centered on integrating real-time data for improved mobility solutions.
Moovit has 12 investors. Key investors include Intel, Keolis, Sequoia Capital, BMW i Ventures, and Vaizra Investments.