Tuesday, March 16, 2021

Bird Plans To Invest $150M In Europe

Santa Monica-based on-demand electric scooter provider Bird says it is planning a major investment in Europe, saying it will invest $150M in the continent in 2021. Bird said the investment is part of an effort to support European cities as they reopen and recover. According to the company, the funds will be used to open safe, sustainable micromobility programs in over 50 new European cities, as well as invest in recycling and second life applications for vehicles, among other efforts. Bird says that European riders account for near one of every two Bird rides globally. Bird offers up on-demand, electric scooters being used for micro-mobility, particularly in dense urban neighborhoods.