Affirma Capital led a $93m Series B funding round in Beam.

Affirma Capital, a private equity firm, led a $93m Series B funding round in Beam, a provider of micro-mobility services intended to integrate urban mobility across public and private modes of transport, with participation from Affirma Capital, and includes participation from Sequoia Capital India, Hana Ventures, ICT Capital, EDBI, AC Ventures, RTP Global, and Momentum Venture Capital. “We are excited to serve new markets and journeys with our Beam Jupiter e-moped, and to bring our 5th generation Beam Saturn e-scooter to cities with MARS technology that will provide significant advancements in safety, city zoning control, rider behavior management, and sustainability. We’re particularly proud of the innovations we’ve created to reduce risks to pedestrians with the Beam Pedestrian Shield, an onboard AI camera that can instantly and accurately detect pedestrians to prevent collisions, and detect footpaths to automatically reduce vehicle speed or even prevent riding completely," Deb Gangopadhyay, Beam Co-Founder and CTO.