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
|07/11/2019||Posted by BusinessMediaguide.Com under General World News||
- 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 read more >>>