Autonomous Vehicle News
Beep, a provider of multi-passenger, electric, autonomous mobility solutions, has closed the company’s Series A investment round with Intel Capital and Blue Lagoon Capital, raising $20 million. Beep will join Intel Capital’s portfolio of innovative companies that are transforming the future of transportation leveraging the firm’s network to accelerate Beep’s growth. Blue Lagoon Capital’s experience and track record in successfully building and scaling enterprises in many areas of technology, further positions Beep for long term success. Mark Lydon, managing director, Intel Capital, says: “Beep’s autonomous mobility solutions provide an important bridge in launching, overseeing and managing autonomous service deployment for communities, campuses and cities across the US and beyond. “Beep’s solutions provide the continuous level of oversight necessary to close the gap that currently exists with today’s autonomous vehicle platforms.”Joe Moye, CEO, Beep, says: “We are thrilled to welcome Intel Capital and Blue Lagoon Capital into the Beep family as we continue to bring the vision of autonomous mobility to life.