Moovex

Company Overview

Snapshot

Founded in January 2007, Moovex operates with 11–50 employees. The company secured $1.25 million across one funding round from 5 investors. Moovex was acquired by iCabbi in January 2024.

Business overview

Moovex provides a smart mobility platform designed to manage and optimize complex transportation operations. Its core technology transforms transportation demands into optimized shared rides, connecting stakeholders through a web management panel with driver and passenger applications. The platform serves organizations, municipalities, and transportation providers, operating within the Automotive & Mobility Technologies sector by offering solutions for fleet management, shared mobility, and operations optimization.

Strategic signal

In January 2024, Moovex was acquired by iCabbi, a move that led to the launch of Move AI. This acquisition signals a strategic integration of Moovex's optimization capabilities into a broader mobility solution, indicating a focus on leveraging AI for enhanced transportation management and expanding market reach.

Company Intelligence Q&A

When was Moovex acquired?

Moovex was acquired by iCabbi in January 2024.

What was the total capital raised by Moovex?

Moovex raised a total of $1.25 million across one funding round.

What product did iCabbi launch following the acquisition of Moovex?

Following the acquisition of Moovex in January 2024, iCabbi launched Move AI in March 2024. This new product integrates Moovex's optimization capabilities to enhance transportation management, particularly for Non-Emergency Medical Transportation (NEMT).

Which investors participated in Moovex's funding round?

In December 2015, Moovex received $1.25 million in funding from Azimuth and Founders Group.

When did Moovex debut at GITEX?

Moovex debuted at GITEX 2020 in December 2020.