Switchback II Corporation
Shares of Switchback II Corporation are off more than 14% today, appearing to sell off sharply following news that the SPAC’s merger with scooter company Bird has been approved by…
Bird nabs $150M, up from $40M, in vehicle financing from Apollo Investment Corp.
Shared micromobility operator Bird announced that it has secured commitments from Apollo Investment Corporation to raise its existing $40 million vehicle financing credit facility to $150 million. The upsize goes…
Bird shows improving scooter economics, long march to profitability
Newly reported financial data from Bird, an American scooter-sharing service, shows a company with an improving economic model and a multiyear path to profitability. However, that path is fraught.
Bird, the shared electric scooter startup that operates in more than 200 cities across three continents, said Wednesday it is going public by merging with special purpose acquisition company Switchback…
Bird reportedly prepares to go public via SPAC, aims for 2023 profitability
Micromobility startups are following the lead of EV companies going public via mergers with special purpose acquisition companies, a financial instrument that came back en vogue in 2020. Bird Rides,…
