VC says Bird scooter startup to make a comeback in post-pandemic world - Business Insider

📆 12/05/2020 00:45:00
📰 BusinessInsider

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An ex-Blackstone dealmaker explains why Bird, the cash-guzzling scooter startup that laid off 30% of employees, is still worth every penny of its $2.5 billion valuation

Electric scooters could make a comeback as the transit mode of choice in a post-pandemic world.

Bird, which was last valued at $2.5 billion by investors, has had a difficult year with a slowdown in activity and layoffs affecting 30% of employees.And when it does, people will get around that changed world on electric scooters, says one venture capitalist. He predicts that scooters will become an essential mode of transit in a post-pandemic reality, because they can be docked anywhere, unlocked from an app, and wiped down by each user.

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