E-scooter company Bird gets lifeline from independent Canadian subsidiary

Bird had previously boasted e-scooter and e-bike sharing operations in some 400 cities, but the company has been forced to wind down operations in some unprofitable European and U.S. markets in recent months.Article contentby recognizing payments from certain customers who had insufficient balances on preloaded wallets.

Following the merger, Bird Canada’s CEO Stewart Lyons is expected to join Bird as president. Two other Bird Canada executives will also join the leadership ranks at Bird Global.Article content

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Bird Canada merger to inject new blood and capital into e-scooter rental company Bird GlobalDeal will provide an estimated $32 million (U.S.) in new financing for the struggling company. Bird Canada chief executive Stewart Lyons joining Bird Global as new president. One comment - before mine - after 15 hours. You've touched a nerve.
Source: TorontoStar - 🏆 60. / 55 Read more »

E-scooter company Bird gets lifeline from independent Canadian subsidiaryThe merger comes just in time for Bird Global which has struggled financially since the company went public via a special purpose acquisition merger in 2021
Source: financialpost - 🏆 7. / 85 Read more »