May Mobility, part of Mobileye (NASDAQ: MBLY), and Moovit are joining forces to expand the use of autonomous vehicle (AV) technology and mobility-as-a-service (MaaS) solutions in addressing gaps in public transportation. The partnership is expected to capture a share of the projected $2 trillion total addressable market for MaaS. 

May Mobility's AV fleets, powered by its unique Multi-Policy Decision technology, will work together with the Moovit urban mobility app and on-demand routing software to provide riders with a safe, accessible, and sustainable form of mobility in regions worldwide. Moovit's urban mobility app, available in thousands of cities globally, offers users real-time information and multimodal trip planning for any mode of transport. 

Edwin Olson, Co-founder and CEO of May Mobility stated: "A big part of our go-to-market strategy is to partner with industry leaders that will take our services to the next level. Moovit is a trusted industry leader that serves more than 1.7 billion riders globally, and their services and relationships will further enhance our ability to scale."

Since 1999, Mobileye has led the mobility revolution with its autonomous driving and driver-assistance technologies, harnessing world-renowned expertise in computer vision, artificial intelligence, mapping, and data analysis.

Shares of Mobileye trade on the NASDAQ under the ticker symbol MBLY.