What does Moovit do?
Moovit, is a local transit app. This mobile app which enables users in tracking info on public transport. This is a real time app which provides the users everything they need for riding the public transit smarter. The app combines transit data with live inputs from the crowd and provides commuters a totally real time snapshot of what their trip will be like and it suggests the most comfortable and fastest routes. It is revolutionizing the public transit experience across over 90 cities including Rome, London, LA, New York, Madrid, Mexico, Sao Paulo and Tel Aviv.
How much Moovit was funded?
Moovit raised an undisclosed amount in an venture funding on November 3, 2015 from the Sound Ventures.
$3.5M in Series A on April 1, 2012 from BRM Capital and Gemini Israel Ventures
$28M in Series B on December 18, 2013 from Sequoia Capital, BRM Capital and Gemini Israel Ventures
$50M in Series C on January 14, 2015 from Sequoia Capital, Gemini Israel Ventures, BRM Capital, BMW i Ventures, Nokia Growth Partners, Groupe Arnault, Vaizra Investments and Keolis.
What is next for Moovit?
Moovit plans to use the latest funding for advancing its growth in promising markets like China and India. This transit app provides services in more than 700 cities worldwide used by 30 million users.
More about Moovit
Moovit was founded on October 1, 2011 by Nir Erez, Yaron Evron and Roy Bick. It has its headquarters in Ness Ziona. The company is dramatically transforming the public transportation user’s experience by saving time and reducing the uncertainty. By using this free mobile app, users can plan their trips, receive and share real time transportation info and easily navigate to the destination they like. Users can save time by avoiding getting jammed and going in the delayed routes. Users can find out on which vehicles they can find seats available, track trains and buses arriving on the live map, choose the routes based on the public transport methods which are available.