Bird files for bankruptcy, rounding out the micromobility company’s rocky year

Dive Brief:
Bird has filed for Chapter 11 bankruptcy, hoping to strengthen its balance sheet and better position the company for long-term, sustainable growth, the shared micromobility company announced Dec. 20 in a press release.

The company, which says it is North America’s largest micromobility operator, “will operate as usual during this process, maintaining the same service for its riders and upholding its commitments to partner cities, fleet managers, and employees,” the release says.

Bird isn’t the only micromobility company facing financial turbulence: Superpedestrian is shutting down its U.S. shared e-scooter operations on Dec. 31 due to financial woes, TechCrunch reported on Dec. 15. Plus, the Nasdaq on Dec. 18 delisted, formerly Helbiz, for failing to maintain minimum share prices and equity requirements.

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