How does the Israeli start-up company solve the problem of public transportation?

Source: Internet
Author: User
Keywords Entrepreneurship Israel
Reading] Moovit's developers have just completed a round of $28 million trillion in funding from Sequoia Capital. Moovit is a combination of community user real-time data entry and public transport system data development of public transport applications, the application development company by the Neil-Erize (Nir Erez), Roy-Billy (Roy Bick) and Yajon-Avanlong (Yaron Evron) Founded in 2011 in Israel, and successfully launched its first application Moovit in 2012. Moovit, using real-time data to give best advice to users, has succeeded in easing public fears of mass transit. Moreover, Moovit's developers have just completed a round of $28 million trillion in funding. It should be said that the application of moovit principle to a certain extent, drawing on the concept of Israel's map navigation application Waze (the company was successfully acquired by Google (Weibo) at $1.3 billion trillion this year) and through real-time data to guide people to travel. It is reported that Moovit registered users can learn all kinds of transportation, arrival time, travel planning, and even carry out based on public transport, train, light rail, subway, ferry and other means of transport point-to-point navigation. Furthermore, Moovit users can choose the quickest way to travel according to real-time traffic conditions, and view the real-time location of the bus and train on the map to minimize the loss caused by the transportation delay. In fact, the most important function of Moovit is that users can view and upload traffic status data in real time like Waze. Moovit said that it would handle more than 10 million traffic data reports uploaded by 3 million users a day. Currently, the Moovit service has covered more than 100 cities worldwide. For some lazy users, they can also contribute traffic data to other users by opening Moovit applications. Of course, the data provided by the application will become more accurate if the user is willing to send traffic reports in a more timely manner and in a real-time location. Data show that because public transport is more convenient than walking and cheaper than taxis, billions of of tourists and urban residents around the world are more inclined to choose this way of travel. In 2012 alone, Americans completed 10.5 billion trips through public transport. But in real life, public transport is always very difficult to satisfy. For example, sometimes you will be at the bus stop, the train station can wait 30 minutes to get on the bus, sometimes you will fall asleep while you are commuting, until you wake up to find yourself in the station, and sometimes your subway will fail on the way, and you may miss a very important company meeting. However, moovit developers hope to be able to use this application to make these things history forever. It is reported that the moovit of this round of financing by the well-known Sequoia Capital (Sequoia capitAL), venture Capital group BRM and Gemini Israel Ventures with the vote. Moovit said it would use the financing fund to strengthen its existing business level and reach more markets. It is worth mentioning that Sequoia Capital had already established an office in Israel, and in 2012, a total of 20 million of dollars invested in local start-ups, while Sequoia Capital partner DUI-La (Gili Raanan) and Waze co-founder Yuri Levin (Uri Levine) are currently moovit directors.
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