#Ideas #Insights

Moovit raises $50M to scale its public transit app

Moovit

Waze is one of apps which has proven that crowdsourced data can become the basis of a popular and practical transportation app for drivers… and that you can make on it a lot of money. For those who don’t remember one year ago Waze has been acquired by Google for $1.1 billion. 

Now another Israeli startup called Moovit, is trying to apply the same lessons to public transit. Moovit is a location-based app that allows you to plan your trip by all means of public transportation. It starts by taking data from transit systems and then applies an algorithm that combines it with real-time and historical data from users. It allows to better estimate times of arrival and all sorts of other information about your travel.

With 15 million users and 500 available cities in 45 countries Moovit announced yesterday that it has raised $50 million in a new Series C funding round from investors including Nokia Growth Partners, BMWi Ventures, Bernard Arnault Group, Vaizra Investments, BRM Group, Gemini Partners, Sequoia Capital and a French public transit operator Keolis. The company is now worth as much as $450 million.

Not bad at all.

Say thanks for this article (0)
Our community is supported by:
Become a sponsor
#Ideas
#GeoAI #Ideas #Insights #Space
From Accuracy to Action: How HD Satellite Data and AI Are Revolutionizing Navigation for Emergency Response and Logistics
Aleks Buczkowski 06.3.2025
AWESOME 10
#GeoAI #Ideas #Science
AI Foundation Models for Geospatial and Earth Observation: A New Era of Earth Understanding
Sebastian Walczak 05.6.2025
AWESOME 11
#Featured #GeoAI #Ideas
Google Earth AI Launch Marks a Turning Point for Enterprise GeoAI
Aleks Buczkowski 08.3.2025
AWESOME 4
Next article
#Fun

#GeoawesomeQuiz 3

GeoawesomeQuiz_3_600x200
Welcome to our third GeoawesomeQuiz! Have you already tested your knowledge on quiz 1 & 2? This week the Quiz is even more challenging. Have fun!


[mlw_quizmaster quiz=3]

Read on
Search