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On the way to a huge exit: Contacts to sell Mobit to Intel | Israel today

2020-05-03T20:44:27.561Z


Expected purchase amount: $ 1 billion • Intel Capital has already invested in a company that has gained about 800 million users in economy


Purchase amount: $ 1 billion • Intel Capital has already invested in a company that has accumulated 800m users • Mobit has raised 130m D

  • Mobit

Another Israeli company on the way to an impressive exit. Intel Worldwide is currently conducting advanced contacts to purchase the Israeli travel app - a $ 1 billion look. As of the time the issue was closed, both companies refused to comment. 

Mobit was founded in 2011 and currently enjoys about 800 million users worldwide navigating through the tangle of public transport. 

The use of Mobit is free for the simple user, but the app also provides a paid service for authorities to build the public transport infrastructure. Mobit also cooperates with cooperative transport companies. 

To date, Mobit has raised about $ 130 million. Its shareholders include Intel Capital, Intel's investment arm, and its chairman and CEO of Mobilai, Amnon Amusement - which was sold three years ago to Intel for a whopping $ 15.3 billion. , Which deals in chips, for $ 2 billion - twice the amount it is expected to pay for Mobit. Two 

years ago, "Calcalist" founder and CEO of Mobit, Nir Erez, said "our goal is to reach a billion users." Erez predicted that "the next revolution will be at the information level, and ultimately the infrastructure will also be tailored: parking at airports will become a pick-up area for travel services. Infrastructure and information will control and determine how we move in the urban space. We will implement what we call urban mobility in cities."

Source: israelhayom

All news articles on 2020-05-03

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