US multinational Intel confirmed on Monday that it is acquiring Israeli mobility-as-a-service (MaaS) solutions company Moovit for approximately $900 million.
The Moovit app and website launched in 2011, assists individuals to navigate their way around urban areas, using all available transportation. The company says it has served more than 720 million users in some 3,100 cities, spanning six continents.
In 2017, Intel acquired Mobileye, also based in Israel, for $15.3 billion.
Once again an Israeli startup makes it BIG!