Bird Global

Bird Global, Inc., is a micromobility company based in Miami, Florida. Founded in September 2017, Bird has distributed electric scooters designed for short-term rental to over 400 cities. In April 2024, it was acquired by Third Lane Mobility to avoid bankruptcy.

History

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.

In September 2023, Bird acquired San Francisco-based competitor Spin from 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.

User collaborations

Chargers

Bird scooters are charged by gig workers, private contractors who sign up to become Chargers. The company sends approved Chargers charging equipment and pays them to charge scooters overnight then place them at designated "nests" throughout the company's service area in the morning. Charging can become competitive, with Chargers in some markets using vans and other creative means to pick up scooters all over the city.

Controversies

Putting franchisees into debt

When Bird began marketing its franchise opportunities to operations staff and fleet managers, it ended up putting some workers $40,000 in debt. The franchisees do not own the scooters they obtain from Bird and are liable for repayments even when scooters are lost or stolen.

Milwaukee, Wisconsin

Scooters were initially banned in Milwaukee when Bird Rides Inc. started their scooter business without government permission. Wisconsin's Governor Tony Evers signed a bill on July 11, 2019, regulating scooters. The Milwaukee Common Council and Mayor Tom Barrett banned Bird Scooters from operating in the city and passed an ordinance giving law enforcement permission to impound scooters. They also sued the scooter company.

In May 2019 Bird reached a settlement with the city of Milwaukee regarding the lawsuit. The following August, Milwaukee's Department of Public Works announced it would allow Bird to operate in the city again.

San Francisco, California

In September 2019, the city of San Francisco announced the four permit holders that would be able to operate. Operators were able to submit an application and the city down-selected based on several criteria, including safety. Bird, was one of the selected operators through its subsidiary Scoot.

Seattle, Washington

Seattle, Washington, has banned scooter shares, and city law currently bars the use of motorized foot scooters on sidewalks and bicycle lanes. Mayor Jenny Durkan announced in May 2019 that her administration would soon begin crafting a pilot program for scooter sharing.

Accidents and deaths

Bird electric scooters have been involved in some accidents and deaths.

Overstating revenue

In November 2022, the company admitted to overstating the revenue it received from its shared electric scooters for more than two years. In an audit of financial statements, Bird found that it was recognizing unpaid customer rides from their preloaded "wallet" balances as revenue. The company pledged to correct its financial reports "as soon as practicable", and agreed that a broader review of its disclosure practices would be required.

See also

* Bolt
* Lime

References

{{Scooter sharing systems

American companies established in 2017
Companies based in Miami
Companies formerly listed on the New York Stock Exchange
Companies traded over-the-counter in the United States
Scooter sharing companies
Companies that filed for Chapter 11 bankruptcy in 2023
Transport companies established in 2017
2017 establishments in California
Kick scooters
Special-purpose acquisition companies