Technology • Internet & Web

Intel acquires transit data startup Moovit for $900 million

Intel Corporation announced it has acquired Moovit for approximately $900 million ($840 million net of Intel Capital equity gain).

Intel claims "The addition of Moovit brings Intel’s Mobileye closer to achieving its plan to become a complete mobility provider, including robotaxi services, which is forecast to be an estimated $160 billion opportunity by 2030".

Co-founder of Pendect, passionate about open source and knowledge sharing. Made in Mooca.
Card reviewed by: @christoph