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Posts Tagged ‘Bird’

Bird, Uber and Lyft get another chance to apply for electric scooter permit in SF

In light of a so-far successful electric scooter pilot program in San Francisco, the city has opened up the application process for service providers to deploy their respective scooters as part of a more permanent program. However, the permits will only be valid for about one year, “reflecting the rapid pace at which the scooter ...

E-scooter companies are desperate for repo men to stop impounding their vehicles

E-scooter companies like Bird and Lime have sued Scootscoop -- a self-financed startup that tickets and impounds e-scooters that have been abandoned on private property -- claiming that the repo men are violating the same traffic laws that the same companies also say don't apply to scooters, a belief that is their basis for filling ...

Bird is raising a Series D round led by Sequoia at $2.5 billion valuation

Bird is raising a Series D round led by Sequoia Capital at a $2.5 billion valuation, TechCrunch has learned. Sources, however, did not indicate the size of the round. This round follows reports from The Information that Bird was looking to raise $200 million to $300 million by the end of this summer, at a ...

Bird Scooter reportedly lost $100m in three months, needs more capital to stay afloat

Bird Scooter really is the Uber of scooters: vastly overcapitalized, vastly overvalued, incapable of turning a profit...ever.

According to a report in The Information, Bird lost $100m in the first quarter of 2019 (the company denies this); and is now seeking an additional $300m in investment capital. (Xeni wrote about this on ...

Bird has ‘positive unit economics’ with its custom scooter model, CEO says

Bird has positive unit economics, CEO Travis VanderZanden said Friday in fiery response to a report from The Information that the scooter startup was seeking $300 million in new funding, had lost nearly $100 million and saw its revenue shrink to about $15 million VanderZanden did not disclose Bird’s revenue. However, in a series of ...

Bird plans to hire 1,000 people in Paris

Scooter startup Bird is betting on the French market in a significant way. The company plans to open up its biggest European office in Paris. Eventually, Bird wants to hire 1,000 people by mid-2021, which is a meaningful number for a company that has been around for a couple of years. Paris is an important ...

Toronto Raptors founder brings Bird scooters to Canada as a platform partner

Bird’s somewhat weird but also very clever global expansion model is to let others handle it, and one of those others is bringing their service online this month. Bird Canada, which is a wholly Canadian-owned company entirely distinct from Bird, will begin offering on-demand electric scooter rental service in Alberta this month, with plans to ...

Equity transcribed: Slack’s IPO, the VCs behind Facebook Libra, founder salaries and trouble in scooter-land

Welcome back to this week’s transcribed edition of Equity. This week, TechCrunch’s Danny Crichton filled in for co-host Alex Wilhelm – who was out in preparation for his wedding this weekend – joining Kate to cover the big news of the week. Kate and Danny dive straight into Slack’s IPO and the implications of its direct ...