Companies
/
Bird Rides
Consumer & E-commerce
Bird Rides is a shared electric scooter and e-bike micromobility company that filed for Chapter 11 bankruptcy in December 2023 and has since reorganized under new ownership.
Create an account to view live offerings, pricing, and market activity.
Sign in to view offerings and live market activity.
Bird Rides was founded in 2017 by Travis VanderZanden, a former Uber and Lyft executive, and grew rapidly in its early years, becoming one of the fastest companies ever to reach unicorn status as it rapidly deployed fleets of dockless, shared electric scooters across cities around the world, popularizing a new category of short-distance "micromobility" transportation that positioned itself as a convenient, environmentally friendlier alternative to cars for short urban trips. The company's rapid international expansion, often ahead of formal agreements with city governments, generated significant regulatory friction in many markets, as cities grappled with sidewalk clutter, safety concerns, and questions about how to regulate a genuinely new mode of shared transportation. Bird went public via a SPAC merger in November 2021 at a peak valuation of roughly $2.5 billion, but the company's financial struggles deepened significantly afterward: in 2022 Bird disclosed that it had overstated revenue for more than two years by improperly recognizing revenue from unpaid customer rides, and the company conducted significant layoffs as it struggled to achieve sustainable unit economics amid intensifying competition from rivals like Lime and Spin, which Bird itself acquired in September 2023 shortly before its own troubles came to a head. Delisted from the New York Stock Exchange in September 2023 after its stock price and market capitalization fell below listing requirements, Bird filed for Chapter 11 bankruptcy in December 2023, using the process to restructure its debt and sell its assets. The company emerged from bankruptcy in early 2024 under a new private parent company called Third Lane Mobility, continuing to operate both the Bird and Spin brands with a smaller footprint, a strengthened balance sheet, and, according to the company, a renewed focus on regulator-friendly operations and sustainable profitability rather than the rapid, sometimes contentious international expansion that characterized its earlier years.
FOR QUALIFIED INSTITUTIONAL AND ACCREDITED INVESTORS ONLY: Under federal securities laws, private market investments on this platform are available exclusively to Institutional and Accredited Investors. Verification of status required before investing. Private investments involve significant risks including illiquidity, potential loss of principal, and limited disclosure requirements. "Augment" refers to Augment Markets, Inc. and its affiliates. Augment Markets, Inc. is a technology company offering software and data services, not a bank or financial institution. Cash Accounts are provided by Modern Treasury Corp. financial institution partners and through Augment's technology. Augment does not act as a money services business, provide money transmission, or serve as a custodian of funds. Funds held in your Cash Account are not FDIC insured unless expressly disclosed. Full terms available in the Augment Cash Account Agreement. Brokerage services are offered through Augment Capital, LLC, an affiliated broker-dealer and member FINRA/SIPC. "Investment accounts" are not brokerage accounts and do not hold customer funds or securities. Investment advisory services are offered through Augment Advisors, LLC, an SEC-registered investment adviser. Registration with the SEC does not imply a certain level of skill or training. Neither Augment Advisors, LLC nor Augment Capital, LLC provide legal or tax advice; consult your attorney or tax professional regarding your specific situation. For additional information, please refer to Augment Advisors, LLC's Form ADV Part 2A (Firm Brochure) and FINRA BrokerCheck.
No news available for this company.
| Company | Valuation |
|---|---|
Open TechStyle Fashion Group Consumer & E-commerce | $171B |
Open Shein Consumer & E-commerce | $31B |
Open Fanatics Consumer & E-commerce | $19.3B |
Open Whatnot Consumer & E-commerce | $19.1B |
Open Instacart Consumer & E-commerce | $13.5B |
Sign up with Augment to see the latest market activity.
