E-Scooter Startup Bird To Raise $300M In Series C Funding- MobileAppDaily

E-Scooter Startup Bird Expected To Raise Another $300M

Bird is preying on yet another investment fund

https://dk2dyle8k4h9a.cloudfront.net/E-Scooter Startup Bird Expected To Raise Another $300M

Electric scooter startup Bird is expected to raise yet another deal for its Series C funding with an additional $300 million, led by cross-over investor Fidelity, based on reports provided by Axios.

Launched in September 2017, the Santa Monica-based startup has amassed more than $400 million in the past from venture capital funding, led by investors like CRV, Accel, Greycroft, Index Ventures, Craft Ventures, Upfront Ventures, and Tusk Ventures. It is the first time Fidelity is going to invest in Bird.

Lately, many investors have been losing faith in scooter startups owing to poor unit economics, faulty batteries, and the trait of unreliability exhibited by companies.

Lime, which is also Bird’s biggest e-scooter competitor has expanded its micro-service offerings from bikes and scooters to ‘LimePods,’ a line of sharable vehicles available in Seattle to gain the interest of investors.

Lime is also reportedly looking for a $400 million investment at a $3 billion valuation.

Apart from its services, Bird scooter has also been in the news for being mustered by top Uber employees. Dennis Cinelli joined Bird as the VP and Head of Finance in October last year.

The previous month, a former Uber employee raised $15 million in funds for Bird led by Craft Ventures to expand its operations across different cities in the US.

Vikram Khajuria
Written By Vikram Khajuria

Jack of all trades. Covering the journalism field, Vikram writes at MobileAppDaily and keeps surfing the trends to understand tech and inventions better. Don’t forget his driving skills, he is a professional car rallyist. Life has just got better. Breathe it!!

Top Companies

Dot Com Infoway
New York, USA
M&C Saatchi Mobile
New York City, USA
New Delhi, India
London, UK
View full report

Latest Articles

Join our global community 135K Followers

You May Soon Get New 'Explore' Tab On YouTube

Vikram Khajuria 4 min read  

YouTube looks to be quite active from the last couple of months in offering better experiences to the viewers. Last week only, Susan Wojcicki, YouTube CEO pledged to enrich the user experience with new tests and experiments. Riding on the same lines, YouTube has come up with a new update as ‘E


Tim Cook: Technology Does Not Exist For Quality AR Products

Ariana Johnson 4 min read  

Tim Cook, Apple CEO, the man leading the most valuable company on the planet share his views and vision about AR technology. In a personal interview with The Independent, Tim Cook said that according to him the current market isn't ready yet for the VR glasses and wearables. Further adding he al


Apple Imitates Chinese Clothing Brand Logo, Gets Sued

Akash Singh Chauhan 4 min read  

A well-renowned Chinese clothing brand, Kon is suing the technological giant, Apple for mocking its logo. Kon’s brand logo depicts a triangle in the middle of skeleton bone symbolizing the power over death. The company was found in 2009 and since then it has used a similar logo for the brand p


Microsoft Edge Arrives For Android And iOS Users

James Lawson 4 min read  

Microsoft, finally made its Edge web browser available for iOS and Android users today. The company revealed the browser last month which was only accessible to the testers for testing purpose and required a PC running on Windows 10 in order to sign up. Now, the web browser is available in the respe