Mar 12, 2018

$100M in funding for last mile electric kick scooter by Bird

bird-scooter-sharing-startup

Founded by a former Uber executive, L.A.-based Bird has been reeling in the money for its electric kick scooter business. Less than a month after announcing a $15 million funding round, the shared electric scooter startup raised a further $100 million.

They now want to take their service nationwide, that is to 50 cities across the United States by the end of 2018 and employ more people. This latest round of financing was led by Valor Equity Partners and Index Ventures, while existing investors Craft Ventures and Goldcrest both increased their stakes.

In a statement, Antonio Gracias from Valor Equity Partners, who is also on the board at Tesla and SpaceX, described Bird’s proposition as follows: “Bird has a transformative, last-mile electric vehicle solution with a powerful community of enthusiastic riders.”

According to the startup, Bird riders have gone on more than half a million rides, with more than half of those logged over the past 30 days. Birds are currently available in Santa Monica, Venice, UCLA, Westwood, and San Diego. To borrow one of their electric kick scooters, riders can download and sign up for the app. Cities interested in having Bird land in their community can email city@bird.co.

Bird was founded last year by former Uber and Lyft executive Travis VanderZanden.

forbes.com, bird.co

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Found on electrive.com
https://www.electrive.com/2018/03/12/100m-in-funding-for-last-mile-electric-kick-scooter-by-bird/
12.03.2018 18:26