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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Email
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Phone
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Website
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Social
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- Legal Name Moovit App Global Ltd
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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.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series D — $50.0M
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First Round
First Round
(18 Apr 2012)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2018 | Amount | Series D - Moovit | Valuation | Intel | |
| Nov, 2015 | Amount | Series C - Moovit | Valuation | Sound Ventures |
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| Jan, 2015 | Amount | Series C - Moovit | Valuation | NGP Capital , Keolis |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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BMW i Ventures is focused on investing in automotive technology startups.
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Founded Year | Domain | Location | |
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Early & Late stage tech-focused VC firm investing primarily in the US, Israel and Russia
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Moovit
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Moovit
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Moovit Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
SaaS mobility-as-a-service and data collection for public transit are provided.
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| domain | founded_year | HQ Location |
Passport is recognized for providing parking management software solutions.
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| domain | founded_year | HQ Location |
Mobile ticketing and payment systems are provided for transit operators.
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| domain | founded_year | HQ Location |
Saas-enabled platform offering operations management solutions for transit operators
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| domain | founded_year | HQ Location |
SaaS-driven mobility solutions are offered for business travel bookings.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Moovit
Frequently Asked Questions about Moovit
When was Moovit founded?
Moovit was founded in 2012.
Where is Moovit located?
Moovit is headquartered in Ness Ziona, Israel. It is registered at Ness Ziona, Central District, Israel.
Who is the current CEO of Moovit?
Nir Erez is the current CEO of Moovit. They have also founded this company.
Is Moovit a funded company?
Moovit is a funded company, having raised a total of $131.5M across 5 funding rounds to date. The company's 1st funding round was a Series C of $50M, raised on Apr 18, 2012.
What does Moovit do?
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.
Who are the top competitors of Moovit?
Who are Moovit's investors?
Moovit has 12 investors. Key investors include Intel, Keolis, Sequoia Capital, BMW i Ventures, and Vaizra Investments.
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