Intel Buys Moovit for Mobileye's Mobility-as-a-Service Goals

published 24.06.2020 19:19

by Zachary Shahan from cleantechnica.com
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Moovit is retaining its current brand, but it is being placed within the Mobileye business at Intel.

“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.”

From the press release about that, we get a short description of Moovit: “Moovit is a Mobility-as-a-Service (MaaS) platform company best known for its mobile application that provides public transit and navigation data to simplify urban mobility in 3,100 cities around the world.

“Mobileye’s business model encompasses the entire automated driving value chain, including the front-facing camera that powers most of today’s ADAS, conditional autonomy – also known as level 2+ – and the self-driving system (SDS) for self-driving shuttles and robotaxis as well as consumer autonomous vehicles (AVs).

“Mobileye is a growth engine for Intel as the company transforms for a world where the exponential growth of data fuels demand for technology solutions that can process, move and store more data faster,” Intel notes.