Intel swallows mobility service provider Moovit

After the acquisition of Mobileye three years ago, Intel now plans to further expand its mobility offering: The chip giant has announced that it intends to acquire the Israeli start-up company Moovit. As a provider of mobility services ("Mobility-as-a-Service, MaaS), Moovit is best known for its smartphone app to support urban mobility.

The acquisition will make Moovit's extensive mobility data sets available for use by Mobileye. This will enable technologies for predictive traffic planning based on customer demand and traffic patterns to be optimized. In addition, Moovit's passenger transportation data from more than 7,500 public transportation providers worldwide contributes to the mobility of more than 800 million people worldwide. In addition to public transport, Moovit organizes travel by bike and scooter rental, ride sharing and car sharing - also in combined form.

According to media reports here, around 10 percent of the purchase price of $900 million will go to Moovit employees.

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