Beep, a Lake Nona, FL-based provider of multi-passenger, electric, autonomous mobility solutions, raised $25M in Series A-1 funding.
The round was led by ABS Capital, with participation from Intel Capital, Blue Lagoon Capital, TDF Ventures and Hidden Creek Management. As a result of the investment by ABS Capital, Jennifer Krusius will serve on Beep’s Board of Directors. ABS Chairman and Partner Phil Clough will also join the Beep Board as an observer.
The company intends to use the funds to further develop its autonomous software platform while also advancing its flagship public transit autonomous mobility service focused on first and last-mile transportation networks.
Led by CEO Joe Moye, Beep delivers mobility services utilizing driverless, electric, multi-passenger vehicles. By specializing in planning, deploying and managing advanced autonomous shuttles for both private and public communities, the company safely connects people, places and services in first-mile, last-mile mobility networks. Beep also leverages the data and learnings from its public road deployments to produce vehicle agnostic, edge solutions meant to enhance safety, access, artificial-intelligence and driverless operating capabilities of autonomous platforms.
Over the last two years, the company’s approach has enabled them to deploy and test over 20 public road routes across multiple states.
In addition to established partnerships with communities such as Lake Nona in Orlando, Florida, Tradition in Port St. Lucie, Florida and the City of Peachtree Corners, Georgia, Beep is working with many municipalities and transit authorities to enhance access to main corridors in underserved and urban areas. Most recently, Beep and the Vision 2 Reality (V2R) Team were awarded the country’s largest-ever public sector autonomous shuttle project with the Jacksonville Transportation Authority’s Ultimate Urban Circulator Project. The first phase of the project will implement a fleet of autonomous shuttles in downtown Jacksonville.
FinSMEs
24/03/2022