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Home / Business / Bird shows improving scooter economics, long march to profitability
Posted on August 20, 2021 by Stylianos Hatzakis

Bird shows improving scooter economics, long march to profitability


Home » News, Insights & Trends » Business » Bird shows improving scooter economics, long march to profitability


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Newly reported financial data from Bird, an American scooter sharing service, shows a company with an improving economic model, and a multi-year path to profitability. However, that path is fraught unless a number of scenarios all work out, in concert and without a glitch.
Bird, well-known for its early battles with domestic rival Lime, is pursuing a SPAC-led deal that will see it go public and raise fresh capital. The former startup is merging with Switchback II Corporation in a deal that values it at around $2.3 billion, including a $160 million PIPE (private investment in public equity) component. (Note: The group …

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Tags: Airbnb, bird, Business News, Business Updates, EC Mobility Hardware, EC Newsletter, finance, food delivery, Fundings & Exits, lime, Lyft, M&A, Private equity, profit, Scooters, SPAC, startups, Switchback II Corporation, TC, The Exchange, Transportation, Uber

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