New York, NY – August, 2023
Moovit, creator of the popular urban mobility app, is announcing the launch of Moovit+, a paid-for membership subscription with several new features designed to improve mobility for 1.5 billion Moovit users worldwide. This new freemium model is available today to users in the 3,500 cities across 112 countries where Moovit is available.
The new features in Moovit+ have been driven by the company’s strategic growth plan, which has helped drive increased engagement with mobility users, transit agencies and other key partners worldwide, with revenues tripling since 2020.
“As public transit ridership continues to increase, the use of Moovit to help guide people to their destination is at an all-time high,” said Nir Erez, CEO and co-founder of Moovit. “In recent years, we’ve focused on expanding our portfolio of solutions, creating new and diverse revenue streams alongside constant innovation and improvements.”
Three new exclusive features are launching for Moovit+ subscribers, along with an ad-free app experience, available now:
“We will continue to offer Moovit as a free app to all public transportation users so they can benefit from travel planning, real-time information, as well as accurate and reliable directions,” said Erez. “Now, people who want to upgrade their experience have the option to enjoy exclusive Moovit+ features.”
Moovit’s success in supporting a global mobility ecosystem has been reflected in consumer app usage that continues to grow organically, with average quarterly user figures reaching an all-time high as of Q2 2023. The annual revenue growth since 2020 includes a significant contribution from the growth of Moovit’s consumer app.
During the past three years, Moovit has expanded its portfolio of business verticals, focusing on:
About Moovit
Moovit (www.moovit.com), part of Mobileye (Nasdaq: MBLY), is a leading Mobility as a Service (MaaS) solutions provider and the creator of the #1 urban mobility app. Together, Moovit and Mobileye are accelerating the global adoption of autonomous transportation, bringing MoovitAV robotaxi services to cities worldwide.
Moovit’s iOS, Android, and Web apps guide people in getting around town effectively and conveniently, using any mode of transport. Introduced in 2012, it now serves over 1.5 Billion users in more than 3,500 cities across 112 countries.
Moovit amasses up to six billion anonymous data points a day to add to the world’s largest repository of transit and urban mobility data. For governments, cities, transit agencies, and private companies, Moovit offers AI-powered MaaS solutions covering planning, operations, and optimization with proven value in reducing congestion, growing ridership, and increasing efficiency and asset utilization.