Moovit is an Israel-based mobility as a service provider and journey planner app. It is owned by Mobileye and was acquired by Intel in 2020 until Mobileye's IPO in 2022. Moovit uses both crowdsourced and official public transit data to provide route planning to users as well as transit data APIs to transit companies, cities, and transit agencies. Because Moovit integrates crowdsourced data, it can provide transit information for areas where no data is officially available.
History
Originally named Tranzmate, Moovit was founded as a startup in Israel in 2012 by developers Nir Erez, Roy Bick, and Yaron Evron. The company raised $3.5 million in its first round of funding from Gemini Funds and BRM Capital.[1] By the beginning of 2013, the company launched worldwide. In 2013, Moovit went on to receive $28 million of funding from venture-capital Sequoia Capital, BRM Group, and Gemini Funds.[2]
In March 2014, Moovit launched a "community editor" allowing volunteer editors to generate schedule and map data, providing transit data for areas where no data is officially available to app developers.