Moovit, whose free app provides comprehensive public-transit information to more than 120 million users in more than 2,000 cities in 80 countries in 44 languages, reportedly will incorporate its data — more than one billion movement data points a day — into Mobileye’s navigation system for eventual implementation in autonomous vehicles.
“Moovit expects to surpass 1 billion users by 2021 and to expand significantly the number of cities that use Moovit’s data analytics to improve urban mobility,” Moovit cofounder and CEO Nir Erez said.
Erez called the planned collaboration with Mobileye “a synergistic relationship at an exciting time to be shaping the future of urban mobility.”
Moovit meanwhile closed a $50 million Series D funding round led by Intel Capital. All Moovit’s earlier investors participated, including Sequoia, BMW iVentures, NGP, Ashton Kutcher’s Sound Ventures, BRM, Gemini, Vaizra, Vintage, and newcomer Hanaco.
Mobileye CEO/CTO Prof. Amnon Shashua, who became a senior vice president of Intel when Mobileye was acquired last year by Intel, is joining Moovit’s board of directors as an observer.
Shashua said that Intel is spearheading the shift to automated driving by “working with some of the most innovative transit companies, municipalities and transit authorities to build critical foundational technologies for this transformation.”
He said that since Moovit is one of the world’s leaders in public transit data and analytics, “The combination of Mobileye’s and Moovit’s technology and data will be instrumental in making cities ready for autonomous vehicles.”
The partnership also could impact “smart city” initiatives relating to traffic control.