Intel Corp is in advanced talks to acquire Israeli public transit app developer Moovit for $1 billion, Calcalist reported on Sunday.

The report claims that the deal is close to a completion.

Officials at Intel Israel and Moovit declined to comment on the report.

Moovit has raised $133 million from investors including Intel, BMW iVentures and Sequoia Capital. The company is offering a free mobile navigation app which provides transit information to more than 750 million users in 100 countries. With the app, people can figure out the best way to navigate around cities. It also integrates with the likes of Uber in its efforts to provide multi-modal routes using different forms of transportation from Uber cars and bikes to using public transport and walking.

Officials at Intel Israel and Moovit declined to comment on the report.

The startup could become part of Intel’s Israeli automotive hub, offering
real-time traffic data and intelligent routing, information that could be used by autonomous vehicle services.

Last month Moovit also launched an emergency mobilization service, which was created for transit agencies and enterprises during the COVID-19 pandemic. The technology transforms vehicle fleets into an on-demand service to get essential employees safely to work.

Intel has made significant investments already in Israel, having acquired autonomous vehicle technology provider Mobileye for $15.3 billion in 2017. In December it bought Israeli artificial intelligence firm Habana Labs for $2 billion.