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

Android P To Come With Secret Features This Month For The Developers

Vikram Khajuria 4 min read  

Google for sure is working on the next Android version which is going to be released later this year. Following its usual pattern, the search giant will give a taste of its new Android sweet in March and expected to introduce its I/0 conference 2018. Google will release the developer preview of the


Lightspeed Trumpets New $560M For Two New VC Funds

Vikram Khajuria 4 min read  

Lightspeed Venture Partners, a Shanghai-based firm raised its largest-ever fund for China in 2019, backing a large number of new industry competitors.The Global Investment firm made an announcement this week that its fourth China fund has closed successfully with a total capital of $560 million.


This App Helps You Send an iMessage on an Android Smartphone

Akash Singh Chauhan 4 min read  

Have you ever wondered why iPhone users tend to stick with iPhones even in their next purchase? Even though an iOS device is way more expensive than many Android devices? It's not that they love spending their entire month’s savings, but because Apple has created an exclusive ecosystem tha


Apple Updated Its iOS 11 News App To Report Curated 2018 Winter Olympic Updates

Akash Singh Chauhan 4 min read  

Apple has just prepared its News app ready for the Winter Olympics starting from tomorrow in South Korea. The app will now deliver special coverage of the games and every other event of the Olympics to the iOS users. In order to provide all the updates and news, Apple has collaborated with NBC and o