https://techcrunch.com/2020/05/04/confirmed-intel-is-buying-urban-mobility-platform-moovit-in-a-900m-deal/

On the heels of a spate of reports over the weekend, today Intel confirmed its latest move to grow its automotive division: the chip giant is acquiring Moovit, an Israeli startup previously backed by Intel that analyses urban traffic patterns and provides transportation recommendations with a specific focus on public transit. The deal values Moovit at $900 million, although Intel says that the growth of its existing investment in the startup effectively works out to Intel paying $840 million.

Moovit provides traffic data to third parties (including Intel itself, and Uber), and it also has a popular app will 800 million users and some 7,500 transit authorities globally. Intel plans to use Moovit’s technology to expand the services it offers via Mobileye, the autonomous car company that Intel acquired for $15.3 billion in 2017, which is the anchor of its efforts in the automotive sector.