Intel confirms Moovit acquisition

Intel’s spent $900 million (approx £710 million) to buy the Mobility as a Service app Moovit.

The app offers travellers around the world multimodal trip planning by combining public transport, bike and scooter services, ride-hailing, and car-sharing.

Intel says adding Moovit to its business helps bring the company’s Mobileye subsidiary closer to achieving its plan to become a complete mobility provider, including robotaxi services. It reckons this will be worth $160 billion by 2030.

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