Intel buys Israeli urban mobility startup Moovit for $900M

Intel says it has purchased Israeli urban mobility startup Moovit for $900 million

JERUSALEM -- Intel said Monday that it has purchased Israeli urban mobility startup Moovit for $900 million.

The California-based chipmaker said the purchase buttresses its plan to become a “complete mobility provider.”

Intel Corp. paid $15 billion in 2017 for Mobileye, an Israeli company at the forefront of autonomous vehicle technology. That purchase created another major player in self-driving technology and strengthened predictions that autonomous cars will someday come in large numbers and change the way people get around.

Using information from users and bus and train schedules, Moovit's app provides urban transit solutions, combining public transport schedules and options with taxis, bicycles, electric scooters and more, to provide a comprehensive picture of how best to travel.

Moovit has more than 800 million users and services in 3,100 cities across 102 countries, according to Intel.