Moovit Secures $50 Million in Funding to Drive Future of Autonomous Mobility Solutions

Moovit, the leading Mobility as a Service (MaaS) solutions provider and creator of the #1 urban mobility app, has successfully raised $50 million in its latest funding round. This significant investment is poised to fortify Moovit’s mission of transforming urban transportation for the better. Since its inception in 2012, Moovit has become an indispensable resource for over 1.5 billion users in more than 3,500 cities across 112 countries, guiding them through their urban journeys with unmatched convenience and efficiency. The funding will be instrumental in expanding Moovit’s AI-powered offerings, allowing the company to enhance its services for governments, transit agencies, and private companies. By leveraging its extensive repository of urban mobility data, totaling up to six billion anonymous data points collected daily, Moovit is committed to addressing challenges such as congestion and ridership growth while optimizing transit operations. Furthermore, part of the funding will accelerate Moovit and Mobileye’s innovative initiatives, including the rollout of MoovitAV robotaxi services in cities around the globe, marking an exciting step towards the mainstream adoption of autonomous transportation. As Moovit continues to lead the way in revolutionizing urban mobility, this new capital will play a crucial role in achieving its vision of making transportation more accessible, efficient, and sustainable for everyone.