Public Transport Startup Moovit Appoints Yovav Meydad as Chief Marketing Officer
Before his promotion, Meydad was vice president of products and marketing for Moovit, which develops a free mobile app providing real-time public transportation information
Founded in 2012 and based in Ness Ziona, a town in central Israel, Moovit develops a free mobile app that provides real-time public transportation information in 2,000 cities and 80 countries. Moovit currently has 200 million users and is looking to reach 1 billion, according to Meydad. In February, Moovit raised $50 million in an investment round led by Intel's venture arm Intel Capital, bringing the company’s total funding raised to $133 million.