1. One of the largest scooter companies that's taking over cities around the world reportedly lost $100 million in three months — and wants to raise even more money  CT Post
  2. Bird lost $100 million in Q1, wants to raise more money: report  Business Insider
  3. Bird's Leaked Numbers Detail The High Price Of Scooter Growth  Crunchbase News
  4. Lime Scooters are now available in Ballantyne. But will they stay?  Charlotte Observer
  5. View full coverage on Google News
Reuters Bird is looking to raise more capital due to an incredibly high burn rate, The Information reported Thursday. The report said the scooter startup lost $100 million in the first quarter, a number refuted by a company spokesperson. Raising more money could help Bird pass Lime to be the world's most valuable micromobility startup.  Bird has its eyes on another capital raise, The Information reported Thursday. The scooter company, one of the largest in a swarm of similar micromobility startups, has already raised $718 million in its short lifetime, according to Pitchbook data, and now it reportedly needs up to $300 million more by the end of the summer. A fresh infusion could raise the Santa Monica, California-based company's valuation beyond its current $2.3 billion, potentially helping Bird pass its competitor Lime as the most highly valued startup in the space. The Information also reported that Bird lost $100 million in the first quarter of 2019, with its revenue shrinking to $15 million during the same time period. That's left the company with about $100 million in cash despite the recent capital raises, according to the report. A Bird spokesperson declined to comment, but said the $100 million loss, as reported by the Information, is incorrect. The company...

One of the largest scooter companies that's taking over cities around the world reportedly lost $100 million in three months — and wants to raise even more money - Connecticut Post

Raising more money could help Bird pass Lime to be the most valuable scooter startup. startup. A company spokesperson said the loss figure was inaccurate.Raising more money could help Bird pass Lime to be the most valuable scooter startup. startup. A company spokesperson said the loss figure was inaccurate.

Bird lost $100 million in Q1, wants to raise more money: report - Business Insider

“🛴Bird🛴, which has ~$100M left in 🏦 after losing almost $100M in Q1, says newer 🛴 last ~600 rides ($1.17 depreciation/ride). That is...optimistic, say execs in scooter industry. In-depth look at all of @BirdRide's unit economics here: https://t.co/qLNxAgUOgQ w/@coryweinberg”

Amir Efrati on Twitter: "🛴Bird🛴, which has ~$100M left in 🏦 after losing almost $100M in Q1, says newer 🛴 last ~600 rides ($1.17 depreciation/ride). That is...optimistic, say execs in scooter industry. In-depth look at all of @BirdRide's unit economics here: https://t.co/qLNxAgUOgQ w/@coryweinberg"

“Bird chooses Paris for electric scooter hub in Europe https://t.co/xbYZCLIpND via @financialtimes”

Sam Shead on Twitter: "Bird chooses Paris for electric scooter hub in Europe https://t.co/xbYZCLIpND via @financialtimes"

“A bird scooter and a chatty tourist allowed me just enough time to catch up to the bus that skipped my stop. Take that System!”

Brian Walton on Twitter: "A bird scooter and a chatty tourist allowed me just enough time to catch up to the bus that skipped my stop. Take that System!"

“Catch me in 4 eps of Bird Scooter’s first original series for Bird+ called “Scooter Duders”. It will be played on a 1” screen on the Bird scooters (if you have Bird+). Each episode is 12 seconds long. (Bird must be parked.) Excited to work with Christian Bale and Cumberbatch.”

𝐀𝐝𝐚𝐦 𝐒𝐡𝐚𝐩𝐢𝐫𝐨 on Twitter: "Catch me in 4 eps of Bird Scooter’s first original series for Bird+ called “Scooter Duders”. It will be played on a 1” screen on the Bird scooters (if you have Bird+). Each episode is 12 seconds long. (Bird must be parked.) Excited to work with Christian Bale and Cumberbatch.… https://t.co/XK81PmSBix"

New injury lawsuits allege scooter companies are negligent, trying to deter lawsuits Austin (KXAN) — If you’re injured on a scooter in Austin and looking to sue for damages, you may be required to go to California to have the case heard. But an Austin attorney is looking to change that. On Thursday, personal injury […]New injury lawsuits allege scooter companies are negligent, trying to deter lawsuits Austin (KXAN) — If you’re injured on a scooter in Austin and looking to sue for damages, you may be requir…

If you’re injured on a scooter in Texas, you may have to go to California to sue the company | KXAN

That Bird is losing money is neither surprising nor notable. The pace at which it is losing money, however, may be.

Bird's Leaked Numbers Detail The High Price Of Scooter Growth