Bird Raises $275 Million Series D Funding from CDPQ and Sequoia Capital
SANTA MONICA, Calif., Oct. 5, 2019-- Bird, the leader in micro-mobility, today announced its Series D funding round.
CDPQ and Sequoia Capital led the $275 million round as a result of Bird's shift from rapid and expensive growth to creating industry leading positive unit economics and building a sustainable business. The capital will help Bird continue on its path to profitability and ongoing vehicle research and development.
Bird's custom designed and engineered vehicles play a pivotal role in its unit economics. Less than a year after announcing Bird Zero, which has a lifespan of over 12 months, the company unveiled Bird One, a next generation e-scooter built for the shared micro-mobility market. Shortly following Bird One came Bird Two, which is available in Los Angeles,...