Bird confirms acquisition of Scoot

TechCrunch | 6/12/2019 | Staff
princia (Posted by) Level 3
Click For Photo: https://techcrunch.com/wp-content/uploads/2019/06/pasted-image-0-2.png?w=711




Bird is acquiring electric scooter and moped startup Scoot, confirming TechCrunch’s previous report that the two companies were in acquisition talks.

“We are thrilled to welcome Scoot to the Bird ecosystem and look forward to working with the Scoot team as we further scale our complementary missions – to replace car trips with micro-mobility options for all,” Bird founder and CEO Travis VanderZanden said in a statement. “Together we will make a bigger impact on our riders’ daily lives and the cities we serve.”

Acquisition - Scoot - Funding - Scoot - Way

Prior to the acquisition, Scoot was valued at around $71 million with $47 million in funding. Scoot first launched way back in 2011 with its fleet of electric mopeds. Scoot has since deployed electric bikes...
(Excerpt) Read more at: TechCrunch
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!