After the transaction is completed, Moovit will join Mobileye business, but keep the brand operating independently. Nir Erez, co-founder and CEO of Moovit, will join Mobileye as executive vice president.
In fact, as early as 20 18, Intel participated in the last $50 million series D financing of Moovit. In this acquisition, according to Israeli media, part of the acquisition fee will be used to introduce talents, that is, employees will receive 10% of the final amount as job retention money.
Of course, the acquisition of Moovit is undoubtedly a supplement to Intel's shortcomings in the field of autonomous driving.
As everyone in the industry knows, Intel acquired Mobileye, an automobile chip manufacturer, in 20 17, and entered the field of self-driving automobile chips. It is reported that Mobileye's chips have provided EyeQ series chips for 300 models of 25 car companies, and the driver assistance system (ADAS) has been deployed in nearly 60 million cars.
However, with the development of chips by companies such as Tesla and the rapid rise of companies such as NVIDIA and Qualcomm in the field of automotive chips, Mobiley position in the industry has become less stable.
Therefore, after the acquisition of MooIT, Amnon Shashua said in an interview with foreign media: "The acquisition of MooIT will fill the key gap in Mobiley progress." This "blank" in Amnon's mouth is undoubtedly the key in autonomous driving-driving data.
In Intel official website, Moovit was introduced as Travel as a Service (MaaS) company, which is famous for its mobile applications. The mobile application combines public transportation, bicycle and pedal service, riding service and car enjoyment, and can provide the best multimodal transport scheme for global travelers through public transportation and navigation data.
At present, the public transportation data of Moovit is used as the map application of Google and Apple, as well as the route planning of travel companies such as Uber, Raffles and * * *.
It is reported that Moovit has established a leading position in the field of MaaS, and its users have increased sevenfold in the past two years. Amnon Shashua, Intel's senior vice president and CEO of Mobileye, said that the application has been used by 3 100 cities in 102 countries, with 800 million users.
Nir Erez, co-founder and CEO of Moovit, said: "As cities become more and more crowded, it becomes more and more difficult to travel in cities. By combining the travel habits and needs of countless Moovit users with the latest, safe and environmentally friendly means of transportation provided by driverless cars, the city can be made a better place to live. We agree with this vision and hope to be part of Mobileye. "
Based on this, it is not difficult to see that the role of Moovit in Intel's autopilot map in the future is the travel data provider.
As mentioned above, in the face of other fierce enterprises in the field of autonomous driving chips, Mobileye will no longer be just an automobile chip supplier, but will transform into a mobile travel service provider that can provide complete solutions. The addition of Moovit will promote the success of Mobileye transformation.
In this regard, Intel said that with the transformation of the company, Intel is investing in and expanding market opportunities supported by data services, including the rapidly growing ADAS, operational data and mobile travel service markets. It is estimated that by 2030, the total value of these markets will exceed 230 billion US dollars.
At the same time, Amnon believes that Intel's decision to acquire Moovit at this time is entirely due to technical considerations. By 2022, Intel will take the lead in deploying a small number of Robotaxi in Israel, France, South Korea and other countries. If passengers want to make an appointment, they can call a car directly in Moovit's mobile app.
In fact, according to sources quoted by the media, the negotiation of Intel's acquisition of Moovit began in March this year, and the two companies reached an acquisition agreement after 40 days of online negotiations.
At the same time, the above-mentioned sources also said that since March this year, the COVID-19 epidemic in overseas areas has spread rapidly, which makes Moovit uneasy about its business prospects. Although Moovit's cash reserve is enough to maintain the company for one year, with the increasingly serious epidemic, the company's top management decided to sell the company directly to Intel.
Facing the impact of COVID-19 epidemic, Amnon said: "For Intel, the company has an orderly development plan, and this epidemic should not be a stumbling block on Intel's way forward. Instead, Intel is looking for opportunities in the crisis. "
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.