Venture Capital News: Beep Scoops Up $52.7M
2025-07-01
JACKSONVILLE, FL, Beep, a leading provider of autonomous shared mobility solutions, has announced the closing of a $52.7 million funding round.
Beep today announced it has begun operating the Jacksonville Transportation Authority's autonomous vehicle service, NAVI (Neighborhood Autonomous Vehicle Innovation). NAVI, the nation's first fully autonomous public transportation system, launched in Jacksonville, Florida this week. Backed by a five-year O&M contract, Beep will operate and maintain the NAVI service, which is part of the JTA's groundbreaking Ultimate Urban Circulator (U2C) program. The company is also announcing the closing of $52.7 million in a funding round co-led by Intel Capital and Blue Lagoon Capital.
Beep delivers the next generation of autonomous, electric, shared mobility networks through its AI-enabled AutonomOS software platform and mobility-as-a-service offerings. Specializing in planning, deploying and managing autonomous transportation services for private and public communities, Beep safely connects people, places, goods and services with solutions that reduce congestion, eliminate carbon emissions, improve roadway safety and enable mobility for all. Beep utilizes artificial intelligence insights and vast data learnings from its deployments to enhance and advance the safety, rider experience, and operating capabilities of autonomous transportation platforms.
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