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

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.

Tanya <span>Editor In Chief</span>
Written By

She is a content marketer and has more than five years of experience in IoT, blockchain, Web, and mobile development. In all these years, she closely followed the app development, and now she writes about the existing and the upcoming mobile app technologies. Her essence is more like a ballet dancer.

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

Apple iOS 11.1.1 turns into a Bigger Bug

4 min read  

The autocorrect bug in iOS 11 has made Apple release a new update to the platform with a fix to solve the issue. But it seems the iOS 11.1.1 is causing the way bigger problem than the autocorrect bug for the iOS 11 users. The update fixes the autocorrect bug but brings app crash issue and problemati


8 Best iPhone Paid Apps Available for Free

4 min read  

Today we have an exclusive news which may give all the iPhone or iPad holders a good smile on face. You are going to get the names of 8 best iPhone and iPad apps available for free. However, we cannot say, for how long these apps will remain for free. The only thing that we can guarantee is the offe


Grab Sets $5B Aim To Keep Up With Asia’s Ride-Hailing Services

4 min read  

Grab, one of the top ride-hailing services in Southeast Asia is now targeting for a much bigger aim than what was set earlier. In the first quarter of 2018, the Grab company successfully acquired Uber’s local business and is now eying to raise a total of $5 billion in its Series H round that i


Google Brings Machine Learning To Ads For Business Growth

4 min read  

Google introduces machine learning for the advertisers to put more relevant ads that will help them to capture more consumers. The Mountain View-based company is taking the Google ads one step further with the help of machine learning. The company said that in the past the technology has already hel