Moovit
“Can a crowdsourced urban-transit app become the software layer inside Mobileye's autonomous-mobility stack?”
Founded2012
HQNess Ziona, Israel
Total raised$133M+ (pre-acquisition)
Latest roundAcquired by Intel/Mobileye (2020)
Valuation$900M acquisition price (2020)
IndustryVertical SaaS / Urban Mobility (MaaS)
The story
Founded in 2012 as a crowdsourced public-transit app (the 'Waze for transit'), Moovit grew into a global MaaS (Mobility-as-a-Service) platform selling white-label apps, fare payments, and transit analytics to cities and agencies. Acquired by Intel/Mobileye in 2020 for ~$900M, it now sits inside Mobileye as the consumer-facing and operator-facing layer of a broader autonomous-transportation strategy. Embedded finance shows up narrowly — mobile ticketing/fare payments — and Moovit explicitly aggregates third-party PSPs and ticketing partners rather than operating financial rails itself.
Last 12 months
2025-07
Product timeline
2012
Launched free public transit app for iOS/Android crowdsourcing transit data (Waze-for-transit).· pivot
2015
Scaled to 15M users; began building out MaaS platform for cities and transit agencies.· banking
2018
Intel-led Series D; began integration with Mobileye for autonomous transit; Azure Maps partnership.· pivot
2020
Acquired by Intel/Mobileye for ~$900M; launched fare payments product in Israel.· acquisition
2022
Became part of Mobileye (Nasdaq: MBLY); accelerating MoovitAV robotaxi services.· pivot
2025
Partnered with Distribusion Technologies for intercity ticketing across 40 European countries.· banking
2026
Launched Moovit Assistant, an AI-powered transit companion.· banking
The stack
0 layers disclosed in Moovit’s embedded-finance stack
Accounting gap: none