Connected_MobilityConnected Mobility

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Author: Roger Lanctot
Publication Date: May 06 2020
Pages: 7
Report Type: Report, Word

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Intel Makes Autonomous MaaS Move with Moovit Acquisition

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Report Summary:

Intel Corporation has announced its acquisition of Moovit, a mobility-as-a-service (MaaS) solutions company, for approximately $900 million ($840 million net of Intel Capital equity gain). The acquisition of Moovit creates an immediate scaling opportunity for Mobileye, bringing that subsidiary closer to achieving its plan to become a complete mobility provider, including robotaxi services, but positions the company as a competitor to many companies eyeing this emerging market. This Insight discusses the implications of this acquisition for Intel and the broader marketplace.

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