Moovit, an Israeli made public transport app, has declared that it quadrupled the scope of its global operations in 2014 and that it has more than 10 million users around the world, adding more than 300 new cities this year alone.The company states that it is launching a new city every day and that one million new users join the Moovit community on a monthly basis.
Moovit was launched in March 2012, and began its international expansion in 2013. Its main corporate headquarters are located in Ness Ziona, Israel, with an International office in San Francisco. In December 2013, the company raised $28 million in a round led by Sequoia Capital Venture Capital Funds, in addition to the $3.5 million it raised in a previous round from Gemini Israel Ventures and the BRM Group.
The Moovit App boasts that it offers everything you need to travel on public transport in the, “smartest, speediest and easiest way possible.” It works by combining information from public transport operators and authorities with live information from the user community. It offers travelers a real-time picture and the fastest and the most comfortable routes.
Moovit users can also send active reports about their travel experience, such as bus congestion levels and cleanliness. The more people use Moovit, the more users receive real-time information concerning buses and trains. Live information received from travelers, the company says, offers all users improved route plans and more accurate estimates about arrival times.
The app is currently available in more than 40 countries in Europe, North and South America, Asia and Australia, and in approximately 400 cities, including New York, Paris, London, Rome, Los Angeles, Barcelona, São Paulo, Buenos Aires, Sydney and Toronto.
Last month, Moovit began its expansion into Asia, and has already opened service in selected cities in South Korea, Singapore and Thailand.
“Moovit delivers a useful solution to local transit riders everywhere it operates. Crossing this 10 million user threshold proves once again that, all public transport passengers, anywhere in the world, experience the same problems and require the same solutions. We've recently started to deploy the service in Asia, a huge market with a large number of metropolitan areas, and millions of travelers in need for a world class transportation app,” Moovit CEO Nir Erez says.