Meet the Israeli startup powering Uber's new public transit option that's backed by BMW and Ashton Kutcher
expanded in January to include Las Vegas and Denver, where users can book public transit tickets and plan trips that include public transportation. Transit are powered by Moovit, an Israeli startup that's made big business out of hyper-accurate transit data.
Instead, the ride-hailing giant turned to Moovit, an Israeli startup that's amassed more than 7,000 transit operators across 3,000 cities and 96 countries with one goal: directions from point A to point B. And in most cases, trip planning is more accurate than relying on official data alone."Public transportation is a very dynamic thing," Yovav Meydad, Moovit's head of growth and marketing, told Business Insider in a phone interview.
Meydad declined to share revenue figures or comment on Moovit's profitability, however he did say that sales revenue tripled in 2019 compared to the previous year. That growth has been fueled in part by signing on major customers in addition to Uber, including Microsoft, which includes Moovit's data in its Azure cloud stack for clients.
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