Beep Raises Series B for Autonomous Transit Services
Beep announced in a press release that it closed a Series B funding round, bringing its total capital raised to about $130 million. Mobileye led the round, with participation from existing investors. The release does not state the size of the round itself.
Beep will use the funding to expand its mobility services, develop partnerships with technology companies and public agencies, and continue deploying AutonomOS. The platform manages autonomous transportation networks.
Mobileye and Beep plan to expand autonomous mobility services across the United States, including fixed route transportation and on demand microtransit.
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