The story
Founded by Travis VanderZanden on Sep 1, 2017.1
Bird was founded in September 2017 by Travis VanderZanden, formerly an executive at Lyft and at Uber. It had its Series A round of funding in February 2018, raising $15 million led by Craft Ventures; this was followed by a Series B round in March for $100 million, led by Index Ventures and Valor Equity Partners, and a venture round in May for $150 million from Sequoia Capital, becoming the fastest company to ever reach the $1 billion "unicorn" valuation. In June 2018, Bird raised an additional $300 million, valuing the company at $2 billion.
In September 2018, Bird claimed 10 million rides.
In October 2018, Bird announced its Bird Zero vehicle. The Bird Zero was designed for ride sharing with "more battery life for longer range, better lighting for increased visibility, and enhanced durability for a longer life-span."
In November 2018, Bird released the Bird Platform, a program based on the company's mobile app and Bird Zero vehicles that allowed independent operators to use Bird's infrastructure to run their own fleet of shared, branded electric scooters.
In January 2019 Axios reported that Bird was raising $300 million in new funding led by Fidelity as an extension of its C funding round.
On June 12, 2019, Scoot Networks was acquired for an undisclosed value as a wholly owned subsidiary of Bird. The deal was expected to be valued at around $25 million in a combination of cash and stock. The acquisition was to allow Bird to operate shared electric scooters in San Francisco.
In November 2019, Bird launched the "Helmet Selfie" safety feature to incentivize riders into wearing helmets when using Bird vehicles. Users can submit a self-portrait photo of themselves wearing a helmet through the app, and receive future ride credits.
Bird initially responded to the 2020 coronavirus pandemic by increasing cleaning and sanitizing efforts in March 2020. Later that month, Bird scaled down operations (reportedly even suspending them within all markets), and terminated around 40% of its then about 1060 employees in a group Zoom meeting. The company halted operations in six US cities (San Francisco, San Jose, Sacramento, Portland, Miami, and Coral Gables), as well as European markets, including Annecy, Antwerp, Barcelona, Berlin, Bordeaux, Cologne, Frankfurt, Hamburg, Krakow, Lisbon, Lyon, Madrid, Marseille, Munich, Paris, Rimini, Sevilla, Stockholm, Torino, Verona, and Vienna.
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In September 2023, Bird acquired San Francisco-based competitor Spin from TIER for $19 million. Bird was also forced to delist from the New York Stock Exchange during this month due to its low stock price, having a total market capitalization of only $7 million.
In December 2023, Bird filed for Chapter 11 bankruptcy in the US. Its Canadian and European activities are not part of the bankruptcy. The company has plans to restructure and sell some of its assets to some of its existing lenders.
In 2024, Bird avoided the bankruptcy and restructured under a new parent company, Third Lane Mobility. The company is adopting a more sustainable approach by focusing on regulator-friendly operations and limiting its fleet size to avoid past expansion issues.
From Wikipedia’s article on Bird Global, shared under CC BY-SA 4.0.4
