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ROUND LED BY AUTONOMOUS VEHICLE TECHNOLOGY LEADER MOBILEYE

, /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, [email protected]

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, [email protected]

SOURCE Beep, Inc.

3 Robotics Stocks Under $10: Value, Momentum, or Bet?Mobileye Global NASDAQ: MBLY said inventory held by its Tier 1 customers stood at roughly five weeks, compared with a typical range of four to five weeks, as automakers maintain somewhat higher safety stock amid supply-chain constraints.

Speaking at Canaccord Genuity’s growth conference, Chief Communications Officer Dan Galves said the company shipped about 1 million units in the first quarter, contributing to the increase in safety stock but keeping inventory within normal levels. He said Mobileye has accounted in its second-half guidance for the possibility that Tier 1 suppliers reduce inventory late in the year before replenishing it in the first quarter.

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Surround ADAS Wins Target Higher Selling Prices Forget Tesla: These 2 Earnings Reports Reveal Where the Auto Market Is HeadingGalves said Mobileye has secured three design wins for its Mobileye Surround ADAS system, all scheduled to launch in 2028. The system uses one EyeQ6 High chip to manage five or six cameras and several radars.

The company’s core advanced driver-assistance systems business has an average selling price of about $46, while Surround ADAS is expected to generate between 2.5 times and three times that level. Galves later characterized the product’s price at about $125 per unit. The three programs represent approximately 30% to 40% of each automaker’s volumes on average, though the conversion will occur over time as new vehicle models are introduced.

3 Stocks That Could Benefit as the Robotaxi Race Heats UpGalves said Surround ADAS carries a similar percentage margin to the core business, which he described as in the mid- to high-60% range. If 30% to 40% of Mobileye’s volume transitions to these systems over the next four to five years, he said average selling prices could reach $80 to $90.

He described Surround ADAS as a second-generation highway hands-free system, positioned as a potentially lower-cost and more integrated alternative to first-generation systems that may involve multiple suppliers for radar, driver monitoring, parking software and other functions. He also said emerging European safety regulations for 2029 would require expanded capabilities, including the ability to identify pedestrians alongside a vehicle, increasing the need for side-view cameras.

Mapping Data and Volkswagen Launch Plans Galves highlighted Mobileye’s Road Experience Management, or REM, mapping technology, which collects anonymized telemetry data from vehicles equipped with Mobileye chips and front-facing cameras. He said about 8 million cars consistently send data to the company across the U.S. and Europe, amounting to billions of miles of information.

The data includes details such as road curvature, lane markings, typical vehicle behavior around stop signs and common driving speeds. Galves said the information can improve driving comfort and support simulation by providing a closer representation of real-world road conditions.

Volkswagen Group is adopting Mobileye’s product portfolio, according to Galves. Mobileye SuperVision is set to launch in the first Porsche vehicle in the first quarter of 2027, with a more significant volume ramp expected in the second half of that year. The program is intended to reach roughly 300,000 to 350,000 vehicles annually by its third year, he said.

Mobileye Chauffeur, a Level 3 system designed to enable driver disengagement on highways under certain conditions, is scheduled to launch in the first half of 2028. Galves said the company and Volkswagen are working through 30,000 requirements for SuperVision to create a validated production system.

Mobileye Surround ADAS: about $125 per unit, according to Galves. Mobileye SuperVision: about $1,300 per unit. Mobileye Chauffeur: between $2,500 and $3,000 per unit. Mobileye Drive robotaxi system: approximately $40,000, under a different business model. Excluding the lower-volume robotaxi business, Galves said Mobileye expects its average selling price with Volkswagen to double by around 2030, based on approximately 7 million units. He said the company has already made substantial investments in the higher-value products and expects operating leverage to be strong as volumes increase.

Robotaxi Expansion and Mentee Synergies Mobileye expects vehicles using its Mobileye Drive autonomous system to operate without safety drivers in Florida by the end of the year. Volkswagen plans to deploy a robotaxi service through its MOIA division in five or six cities by the end of 2027, including Los Angeles and Orlando in the U.S. and four cities in Europe, Galves said.

Mobileye also plans to operate an end-to-end service in an unannounced city in the southeastern U.S. around the middle of next year. Galves said the company expects to generate demand itself in that initial market. He said the first several hundred vehicles could cost about $100,000 each and could be funded within Mobileye’s cash flow, with potential securitized financing and off-balance-sheet arrangements considered for broader scaling.

Galves also discussed Mentee, a humanoid robotics business that he said is developing systems with vertically integrated hardware, computing and software. He said Mentee aims to train robots through a small number of demonstrations rather than teleoperation, and that Mobileye sees potential synergies in perception, planning, data access and simulation technologies.

About Mobileye Global (NASDAQ:MBLY)Mobileye Global Inc NASDAQ: MBLY is a leader in the development of advanced driver-assistance systems (ADAS) and autonomous driving technologies. Headquartered in Jerusalem, Israel, the company designs and supplies computer vision-based solutions that enable vehicles to detect and respond to road conditions, obstacles and signage. Mobileye's core offering centers on its proprietary EyeQ system-on-a-chip (SoC) family, which processes video streams from automotive cameras to deliver features such as lane-keeping assist, adaptive cruise control, collision prevention and traffic sign recognition.

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Mobileye Global (MBLY - Free Report) came out with quarterly earnings of $0.19 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.13 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +216.67%. A quarter ago, it was expected that this maker of driver-assistance systems and autonomous driving technologies would post earnings of $0.08 per share when it actually produced earnings of $0.12, delivering a surprise of +50%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Mobileye, which belongs to the Zacks Automotive - Original Equipment industry, posted revenues of $508 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 4.96%. This compares to year-ago revenues of $506 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Mobileye shares have lost about 15.9% since the beginning of the year versus the S&P 500's gain of 9.6%.

What's Next for Mobileye?While Mobileye has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Mobileye was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.05 on $472.29 million in revenues for the coming quarter and $0.28 on $1.98 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Automotive - Original Equipment is currently in the bottom 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, Innoviz Technologies Ltd. (INVZ - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on August 5.

This company is expected to post quarterly loss of $0.06 per share in its upcoming report, which represents a year-over-year change of +33.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Innoviz Technologies Ltd.'s revenues are expected to be $16.33 million, up 67.5% from the year-ago quarter.

A logo on the exterior of a Stellantis office building in Poissy, near Paris, France, May 4, 2026. REUTERS/Benoit Tessier Purchase Licensing Rights, opens new tab

CompaniesJuly 21 (Reuters) - Mobileye Global (MBLY.O), opens new tab will supply Stellantis with cloud-driven advanced driver-assistance technology, the Israeli company ​said on Tuesday, as automakers race to meet rising ‌demand for connected safety systems.

The ADAS hardware maker's shares were up about 6% in premarket trading.

Stay up to date with the latest news, trends and innovations that are driving the global automotive industry with the Reuters Auto File newsletter. Sign up here.

The companies said select models from ​Stellantis, the parent of Jeep and Chrysler, will integrate ​Mobileye's Road Experience Management technology from 2027, using ⁠crowdsourced road data to improve lane keeping and hands-free ​driving.

ADAS has become one of the auto industry's fastest-growing technologies ​as carmakers race to offer increasingly sophisticated safety and convenience features and generate higher-margin software revenue.

The technology is widely seen as a ​step toward fully autonomous driving, though regulators still require ​drivers to remain attentive when using hands-free systems.

The first applications are expected ‌in ⁠select U.S. Stellantis models next year, with wider rollout subject to vehicle platform and configuration.

Stellantis will be the fifth of the world's 10 largest automakers to contribute data to ​Mobileye's REM ​platform, which covers ⁠more than 95% of public roads in the United States and Europe. More than ​8 million vehicles logged 34 billion miles ​of data ⁠on the platform last year, Mobileye said.

Jerusalem-based Mobileye's system collects road data through front-facing cameras in EyeQ-equipped vehicles and combines ⁠it ​with cloud-based mapping intelligence. That allows ​vehicles to receive real-time updates on lane markings, road layouts and construction ​zones.

Reporting by Akash Sriram in Bengaluru; Editing by Tasim Zahid

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