However, the company has been struggling with funding in recent months, after drying out its €55 million raised at the start of 2019. The acquisition is the latest sign of consolidation among e-scooter companies as the quest for a profitable business model intensifies.
One of Bird’s chief competitors, Lime, Three hundred employees will be added to Bird’s European operations as a result of the deal, the company says.
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The Santa Monica-based company says it will acquire Circ, which operates in 40 cities across 14 European countries and the UAEBird has announced that it will acquire Circ, a leading electric scooter rental business in Europe and the Middle East. Bird also announced a $75 million extension to its Series D funding round, bringing the total size of the round to $350 million — though it would not disclose the amount for the transaction.Circ isn’t Bird’s first acquisition.
Circ boasts operations spanning 43 cities in 12 countries. Bird has shut down scooter sharing in several cities in the Middle East, an operation that was managed by Circ, the micromobility startup it acquired in January. (The city Circ, which currently operates in 40 cities across 14 European countries, in addition to United Arab Emirates, Still, Bird’s announcement of an additional $75 million in funding is a sign that venture capital firms aren’t done pumping money into e-scooter companies, despite reports of steep cash losses and rampant vandalism of the scooters.
Bird will damit sein Europageschäft stärken. The acquisition allowed Bird to get back into the lucrative San Francisco market, after initially getting shut out of the city in 2018.
Bird has announced that it will acquire Circ, a leading electric scooter rental business in Europe and the Middle East.
Bird has confirmed it’s acquiring the German-based scooter company Circ. Founded by serial entrepreneur and investor, Lukasz Gadowski, Circ is a leading shared e-scooter company in Europe and the Middle East. If you didn’t see this coming, then clearly you didn’t have your eyes on the road. Major operators like Based in Berlin, Circ was founded in 2018 by Lukasz Gadowski and was starting to build a name for itself across Germany. The deal, for which terms remain undisclosed, was first reported by At the time, Gadowski put on a brave face, telling TechCrunch that Circ needed to learn how to operate a micromobility service across many European markets simultaneously. “When we started this there was a focus on time to market, but now it is not about time to market but efficiency,” he told TechCrunch.We also understand Circ was in the midst of trying to raise a Series B, which is what prompted talks with Bird. Early last year, the startup closed a Series A north of $60 million, funding it used to push into 12 countries and 43 cities, a spokesperson tells us.On the funding front, Bird is also taking this announcement as an opportunity to share that they’ve added to their own funding, tacking on another $75 million onto their Series D, which now sits at $350 million.Micromobility companies have been hard-pressed to cut spending and push toward profitability. Bird gobbles up another rival scooter startup, this time in EuropeApple’s standard AirPods are down to their lowest price again at AmazonThe AirPods Pro deal is over, but the standard AirPods are also cheaper than usualRing’s latest video doorbell is $50 off and includes Amazon’s Echo Show 5 at no extra costPlus, save on AirPods Pro and check out a bunch of gaming dealsApple’s last-gen iPad Pro with LTE is more affordable than ever at B&H PhotoThe 12.9-inch entry model with cellular support is 42 percent off Bird, the LA-founded e-scooter giant, has confirmed that it is acquiring European competitor Circ, the micromobility company founded by Lukasz Gadowski of Delivery Hero fame.
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In the competitive world of electric scooters, Bird aims to get an edge with a … Until recently, Scoot was just one of two scooter companies licensed to operate in San Francisco. The Santa Monica-based company bought West Coast rival Scoot for a reported $25 million in early 2019.
The more trips and miles a single scooter can cover, the better it is for scooter companies that have to recoup the cost of each vehicle before they can start making money.It’s been a rough winter for the e-scooter industry. Bird lost nearly $100 million during the first quarter of 2019, while revenue shrank sharply to only about $15 million, Bird says it’s been able to woo investors, thanks to its renewed emphasis on unit economics (how much revenue each individual scooter brings in for the company).
(Bird also went through layoffs last spring.) Leading European Company Joins Bird .