BEEP CLOSES SERIES B TO ACCELERATE COMMERCIAL DEPLOYMENT OF AUTONOMOUS MOBILITY NETWORKS

Beep’s Mobileye-led Series B funding strengthens their AV partnership and supports commercialization of autonomous mobility networks in the U.S.

Rhea-AI Summary

Beep closed a Series B funding round led by Mobileye (MBLY), bringing its total capital raised to approximately $130 million.

Existing investors also participated in the round. Beep plans to use the new capital to scale and expand its mobility-as-a-service offerings, deepen collaborations with technology and public-sector partners, and continue deployment of its AI-driven AutonomOS platform for managing Physical AI transportation networks. Mobileye’s investment reflects a shared strategic vision to bring autonomous mobility models, from fixed-route services to on-demand microtransit, to commercial scale in the United States in response to customer demand.

Positive

• Total capital raised reaches approximately $130 million after this Series B
• New capital earmarked to scale mobility-as-a-service and AutonomOS platform deployment

Negative

• None.

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-3.86% vs previous close $8.23 last price 1.1x rel. volume Open Argus

Details

Market reaction after Series B funding round: MBLY -3.86%

$8.18 $8.58 Day Range

$6.96B Market Cap

Following this news, MBLY has declined 3.86%, reflecting a moderate negative market reaction. Our momentum scanner has triggered 3 alerts so far, indicating moderate trading interest and price volatility. The stock is currently trading at $8.23.

Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.

Market Context

MBLY closed at $8.52, down 0.47% pre-headline; the announcement identified Mobileye as lead investor...

Analysis

MBLY closed at $8.52, down 0.47% pre-headline; the announcement identified Mobileye as lead investor in Beep’s Series B funding round, while the market data preceded publication.

Key Figures

Total capital raised: $130 million

Total capital raised

$130 million

Following the Series B funding round

Key Terms

series b, advanced driver-assistance systems, mobility-as-a-service

3 terms

series b financial

"announced the close of a Series B funding round"

A Series B is a later-stage private funding round where a growing company raises new capital from investors in exchange for ownership shares. It typically comes after early rounds and is meant to finance expansion—think of moving from a neighborhood shop to a regional chain—so it affects the company’s reported value and how much existing owners are diluted. Investors use a Series B as a signal that the business has proven demand and is preparing for bigger growth, which helps assess risk and potential return.

advanced driver-assistance systems technical

"a global leader in autonomous vehicle technology and advanced driver-assistance systems"

Advanced driver-assistance systems are electronic features and software that help a vehicle perform or support tasks such as braking, steering, lane keeping, parking and collision avoidance using cameras, radar and other sensors. For investors, ADAS matters because it can boost a car’s safety rating, appeal and resale value, create demand for component and software suppliers, and influence automakers’ costs and profit margins—like adding a smart co‑pilot that changes a product’s competitiveness and price.

mobility-as-a-service technical

"scale and expand its mobility-as-a-service offerings"

A bundled, digital service that lets users plan, book and pay for many kinds of transportation—like buses, trains, rideshares, bike-shares and rentals—through one app or platform. It matters to investors because it changes how people buy transport: it can shift revenue from vehicle sales to recurring service fees, affect demand for public transit and ride providers, and create new data and platform businesses much like a single app that replaces many separate tools.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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ROUND LED BY AUTONOMOUS VEHICLE TECHNOLOGY LEADER MOBILEYE

LAKE NONA, Fla., Sept. 9, 2026 /PRNewswire/ -- Beep, Inc., a leading U.S. provider of autonomous mobility solutions, today announced the close of a Series B funding round, bringing its total capital raised to approximately $130 million. The round was led by Mobileye, a global leader in autonomous vehicle technology and advanced driver-assistance systems, with participation from existing investors.

The new capital will help Beep scale and expand its mobility-as-a-service offerings, deepen its work with technology and public-sector partners, and continue deployment of its AI-driven AutonomOS platform, which builds upon Beep's years of expertise as an AV operator to reduce the complexity required for the management and orchestration of Physical AI networks in transportation.

"Mobileye and Beep have been working closely on AV deployment projects, and our excitement for the future of improving transportation through applied physical AI on the road has never been greater," said Kobi Ohayon, Chief Operations Officer at Mobileye. "Beep plays an essential role in the emerging AV ecosystem across the United States, and its deployment platform will become increasingly important as more AV services come to market across vehicle types and business models."

Mobileye's investment reflects a shared strategic vision for bringing a range of autonomous mobility models, from fixed-route services to on-demand microtransit, to commercial scale in the United States in response to clear customer demand.

"This strategic investment round, led by Mobileye and supported by our longstanding investor partners, positions Beep to deliver fully on its vision," said Kevin Reid, CEO and Chairman of Beep. "The investment enables us to strengthen and expand our shared autonomous mobility solutions, helping communities move people in ways that are safer, smarter, and more connected."

For Beep, the round marks both a financial milestone and a validation of the company's position as the essential transit partner for modern mobility, delivering real-world autonomous service operations enabled by leading-edge technology.

About Beep, Inc.
Beep, Inc. delivers the next generation of autonomous mobility networks through its mobility-as-a-service offerings and AutonomOS mobility operating system. Specializing in planning, deploying, and managing autonomous transportation networks, Beep connects people, places, goods, and services with solutions designed to improve safety, reduce congestion, and expand access to mobility. Leveraging artificial intelligence and real-world operational experience, Beep's U.S.-domiciled, human-in-the-loop platform enables scalable and reliable autonomous transit deployments across public and private communities.

Media Contact: Alex Poirot, alex.poirot@ridebeep.com

About Mobileye
Mobileye (Nasdaq: MBLY) leads the mobility revolution with autonomous driving and driver-assistance technologies, harnessing world-renowned expertise in artificial intelligence, computer vision and integrated software and hardware. Since its founding in 1999, Mobileye has enabled the global adoption of advanced driver-assistance systems that save countless lives and reduce crashes, while pioneering technologies such as REM™ crowdsourced road intelligence, Imaging Radar and Compound AI. In 2026, Mobileye acquired Mentee Robotics to pursue the future of physical AI and humanoid robots. More than 250 million vehicles worldwide have been built with Mobileye's EyeQ technology inside. Since 2022, Mobileye has been listed independently from Intel (Nasdaq: INTC), which retains majority ownership. For more information, visit www.mobileye.com.

Media Contact: Alexis Blais, alexis.blais@mobileye.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/beep-closes-series-b-to-accelerate-commercial-deployment-of-autonomous-mobility-networks-302873054.html

SOURCE Beep, Inc.

FAQ

How does Beep plan to use the new Series B capital?

Beep plans to use the new funding to scale and expand its mobility-as-a-service offerings, deepen its work with technology and public-sector partners, and continue deployment of its AI-driven AutonomOS platform, which is designed to reduce the complexity of managing and orchestrating Physical AI transportation networks.

What is the strategic significance of Mobileye’s involvement in this round?

Mobileye led the Series B round, and the company said its investment reflects a shared strategic vision to bring a range of autonomous mobility models—spanning fixed-route services and on-demand microtransit—to commercial scale in the United States in response to clear customer demand.

What role does Beep aim to play in the autonomous vehicle ecosystem?

Beep describes this round as both a financial milestone and a validation of its position as an essential transit partner for modern mobility, focused on delivering real-world autonomous service operations enabled by leading-edge technology.