Author: Andrew J. Hawkins
Bird has announced that it will acquire Circ, a leading electric scooter rental business in Europe and the Middle East. The acquisition is the latest sign of consolidation among e-scooter companies as the quest for a profitable business model intensifies.
As part of the deal, Bird will take on 300 of Circ’s employees, many of whom are based in Berlin. Bird also announced a $75 million extension to its Series D funding round, bringing the total size of the round to $350 million — though it would not disclose the amount for the transaction.
it’s the latest sign of consolidation among e-scooter companies
Circ isn’t Bird’s first acquisition. The Santa Monica-based company bought West Coast rival Scoot for a reported $25 million in early...
Continue reading…
Continue reading...
Bird has announced that it will acquire Circ, a leading electric scooter rental business in Europe and the Middle East. The acquisition is the latest sign of consolidation among e-scooter companies as the quest for a profitable business model intensifies.
As part of the deal, Bird will take on 300 of Circ’s employees, many of whom are based in Berlin. Bird also announced a $75 million extension to its Series D funding round, bringing the total size of the round to $350 million — though it would not disclose the amount for the transaction.
it’s the latest sign of consolidation among e-scooter companies
Circ isn’t Bird’s first acquisition. The Santa Monica-based company bought West Coast rival Scoot for a reported $25 million in early...
Continue reading…
Continue reading...