Photo: Edited by Autoevolution
New York-based BMW i Ventures has announced today its plans for a new equity investment in the live transit information service Moovit. With the new partnership the BMW Group will further expand the involvement of the BMW i brand in the field of innovative mobility services.
Moovit is a multi-award-winning free smartphone app that supplies accurate and continuously updated information about public transport services, including their currently available capacity. The interactive service is already available around 500 cities, having more than 15 million users in 45 countries in 31 languages.
“The investment by BMW i Ventures and other partners will enable this innovative service to be offered in further cities around the world, creating a global information network capable of ensuring quick and convenient urban mobility,” BMW explained in a press release released today. The first cities in Germany to offer the smart service are Berlin and Ulm.
The pioneering service uses a database incorporating all local public transport timetables, as well as information about further transport options such as taxis, car-pooling and car-sharing services. It allows users to find the fastest route via local transit options to any destination they have entered in their smartphone. Moreover, Moovit will also present accurate navigation and precise arrival times by incorporating real-time timetable changes and integrating crowd-sourced alerts about bus and rail service delays and capacity levels.
All the information is supplied via the mobile phone’s GPS and internet connection, which means you’ll have to be online to use it. But the app is free on iTunes Store, Google Play Store and Windows Phone App Marketplace. The urban mobility app has been up since 2011 and its creators claim they are always looking for new partners, as their main target is to integrate many more cities into its network as quickly as possible.
To be honest, Moovit’s idea is not new at all, but as opposed to other similar companies having BMW backing it up might help them to become the biggest in the world. Feel free to check out the company’s press release below for further details.
“The investment by BMW i Ventures and other partners will enable this innovative service to be offered in further cities around the world, creating a global information network capable of ensuring quick and convenient urban mobility,” BMW explained in a press release released today. The first cities in Germany to offer the smart service are Berlin and Ulm.
The pioneering service uses a database incorporating all local public transport timetables, as well as information about further transport options such as taxis, car-pooling and car-sharing services. It allows users to find the fastest route via local transit options to any destination they have entered in their smartphone. Moreover, Moovit will also present accurate navigation and precise arrival times by incorporating real-time timetable changes and integrating crowd-sourced alerts about bus and rail service delays and capacity levels.
All the information is supplied via the mobile phone’s GPS and internet connection, which means you’ll have to be online to use it. But the app is free on iTunes Store, Google Play Store and Windows Phone App Marketplace. The urban mobility app has been up since 2011 and its creators claim they are always looking for new partners, as their main target is to integrate many more cities into its network as quickly as possible.
To be honest, Moovit’s idea is not new at all, but as opposed to other similar companies having BMW backing it up might help them to become the biggest in the world. Feel free to check out the company’s press release below for further details.
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