Intel acquires transit app Moovit, adding mobility services to autonomy technology

May 07, 2020
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Intel is quick to tie Moovit's multimodal route planning application to benefiting its autonomous driving technology developed through Mobileye. Mobileye's current products serve near-term markets, as its EyeQ chips power ADAS systems in 60 million vehicles and recently has focused more efforts on Level 4 systems. As many use cases for Level 4 autonomy are in commercial sectors like robotaxis and shipping with those system, a navigation and routing component will be a valuable addition to Mobileye's current technology. Additionally, the value of Moovit's data likely factored into the decision to acquire the company.

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