What is Moovit?
Moovit is a leading provider of Mobility as a Service (MaaS) solutions and the developer of a widely-used urban mobility application. By integrating data from public transit operators, authorities, and its extensive user community, Moovit delivers real-time transit information and optimal journey planning to millions of users worldwide. Headquartered in Ness Ziona, Israel, the company's platform is instrumental in shaping urban transportation by providing comprehensive and up-to-the-minute insights for travelers.
How much funding has Moovit raised?
Moovit has raised a total of $131.5M across 4 funding rounds:
Series A
$3.5M
Series B
$28M
Series C
$50M
Series D
$50M
Series A (2010): $3.5M with participation from Gemini Israel Ventures and BRM Group
Series B (2013): $28M led by Steamboat Ventures, Gemini Israel Ventures, and BRM Group
Series C (2014): $50M supported by Vaizra Investments, Keolis, Nokia Growth Partners, and Steamboat Ventures
Series D (2018): $50M featuring Vintage Investment Partners, NGP Capital, Sound Ventures, BMW, Steamboat Ventures, Gemini Israel Ventures, Intel Capital, and Hanaco Venture Capital
Key Investors in Moovit
Vintage Investment Partners
Vintage Investment Partners is a commercial real estate development and investment company specializing in adaptive reuse and asset revitalization, focusing on building a better future through innovative housing and development projects.
NGP Capital
NGP Capital is a venture capital firm that supports founders of early-stage B2B companies driving the convergence of physical and digital worlds, acting as a long-term partner from inception to IPO.
BMW
BMW i Ventures, an agile venture capital firm, invests in innovative automotive companies focusing on electric vehicles, manufacturing solutions, and digital sales platforms, leveraging BMW's corporate expertise.
What's next for Moovit?
With its recent major strategic investment and a history of significant capital raises, Moovit is well-positioned for continued growth and innovation. The company's focus on aggregating diverse mobility data and providing actionable insights aligns with the increasing demand for integrated urban transit solutions. Future developments are likely to center on expanding its MaaS platform, enhancing AI-driven route optimization, and forging deeper partnerships with transit agencies and smart city initiatives globally. The backing from Intel further suggests a strategic direction towards leveraging advanced technologies for future mobility.
See full Moovit company page
