Beep Raises $52.7M in Funding

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Startup Information

Funding Details

  • Total Funds Raised: $97.7M
  • Latest Fundraise Amount: $52.7M
  • Funding Round: Not specifically mentioned (but refers to the latest round)

Investors

  • Co-lead Investors:
    • Intel Capital
    • Blue Lagoon Capital

Key Personnel

  • Founder/CEO: Kevin Reid (appointed as CEO during this announcement)

Additional Information

  • Use of Funds: To develop new pilot programs and expand into key markets.
  • Upcoming Initiative: Launching the nation’s first fully autonomous public transit system in Jacksonville, FL, on June 30, 2025.
  • Current Operations: 38 autonomous shuttle deployments across nine states.

Date of Announcement

  • Date: June 26, 2025

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2025-06-26 08:57:24