Intel acquires transit data startup for $900M

Intel agreed to purchase Israel-based urban transit data startup Moovit for $900 million.

Moovit’s urban mobility app focuses on public transportation, allowing the use of crowdsourced data to provide routing for areas where no publicly released data is available. It has 800 million customers in 3,100 cities across 102 countries.

Intel officials said the acquisition would assist its plan to “become a complete mobility provider, including robotaxi services, which is forecast to be an estimated $160 billion opportunity by 2030.”

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