Mexican Media Brands
Bird Raises $275 Million in Funding
Bird Rides Inc., a Los Angeles-based electric-scooter sharing service, has raised $275 million in its latest funding round.
Share
Bird Rides Inc., a Los Angeles-based electric-scooter sharing service, has raised $275 million in a Series D funding round.
Following the investment, analysts valued the 2-year-old startup at $2.5 billion. Sequoia Capital and Canadian pension fund Caisse de Depot et Placement du Quebec led the latest round.
Bird CEO Travis VanderZanden says the company now is focused on reaching a breakeven point. He didn’t say when he expects Bird to achieve that goal.
In June Bird acquired rival Scoot for an undisclosed price. Scoot was one of four companies—along with Lime, Uber’s Jump and Ford-owed Spin—that were awarded permits last month to operate free-floating electric scooter rentals in San Francisco.
RELATED CONTENT
-
Increasing Use of Structural Adhesives in Automotive
Can you glue a car together? Frank Billotto of DuPont Transportation & Industrial discusses the major role structural adhesives can play in vehicle assembly.
-
When Automated Production Turning is the Low-Cost Option
For the right parts, or families of parts, an automated CNC turning cell is simply the least expensive way to produce high-quality parts. Here’s why.
-
Plastics: The Tortoise and the Hare
Plastic may not be in the news as much as some automotive materials these days, but its gram-by-gram assimilation could accelerate dramatically.
