Beep Secures Additional $25M in Funding from ABS Capital, Intel Capital, Blue Lagoon Capital, TDF Ventures and Hidden Creek Management
Summary
– Joe Moye, Beep CEO ABS Capital is a growth equity firm that invests in leading software and tech-enabled services businesses. – Jennifer Krusius, ABS Capital This latest funding round follows a strategic collaboration announcement in February 2022 with Intels Mobileye and BENTELER to develop and deploy automotive-grade, fully electric, autonomous people movers for public and private communities by 2024 across North America aimed at first and last-mile use cases. 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. By specializing in planning, deploying and managing advanced autonomous shuttles for both private and public communities, Beep 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.