Moovit, the Waze of public transportation, raises $ 28 million

by bold-lichterman

Israeli startup Moovit has just raised $ 28 million from Sequoia Capital, BRM Group and Gemini Israel Ventures. Its application imprints the concept of Waze, its compatriot recently bought by Google for more than a billion dollars, and applies it to public transport.

This allows users to avoid crowds and determine the fastest route on public transport with updated information in real time. To do this, the company uses public data and those issued by the users themselves – more than a billion requests have been made to date – which actively contribute to the exchange of information by drafting notifications on the ‘state of fullness of a bus, on an accident which causes delays or on the temporary relocation of a station on the map ”.

Founded in 2011, Moovit, available on Android and iOS, now boasts more than three million users worldwide for more than 100 available cities.