Just six months ago, Bird created an electric scooter sharing program in Los Angeles, California. It’s received a $100 million raise as investors believe it can become the biggest player in the industry. With the money, the last-mile service plans to launch in 50 new cities by the end of the year.
New Series B funding took place less than a month after receiving $15 million in the middle of February. It’s grown incredibly popular over the past half-year in Los Angeles due to the ease of picking up and using the dockless e-scooters. Over in China, the scooter’s established growth has created more sustainable transportation.
“I think it speaks to how big of a vision this is, to use short-range electric vehicles and electric-scooter sharing to replace a lot of car usage,” Travis VanderZanden, CEO and founder of Bird, told the Financial Times. “It’s a huge opportunity to have a big impact on the world.”