Last week, investors put $50 million into Moovit, a transportation network intermediary (that’s what I am calling it). Companies like it will be transformative in getting from A to B, “The Wall Street Journal” reports.
Moovit is an application that gives users instructions and options on the best way to get from one place to another using multiple modes of public transit. As it adds more and more mobility services, Moovit will become more and more efficient at providing the best transportation. Ideally, the end result is less congestion, better use of assets, and a better experience to get around.