May 4, 2020 - Technology

Intel's Mobileye targets urban mobility growth with Moovit deal

Illuminated Intel logo

Photo: Chesnot/Getty Images

Intel is paying $900 million to buy Moovit, a data-rich app that helps people navigate cities using multiple modes of transportation from bikes and scooters to public transit and taxis.

Why it matters: The acquisition will help Mobileye, Intel's automated driving subsidiary, expand the breadth of its planned mobility services to include everything from self-driving vehicles and automated fleets to on-demand robo-taxi services.

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