National

Pro Rata

Axios Pro Rata

Electric scooter rental company Bird today announced $275 million in Series D funding at what we hear was a $2.5 billion pre-money valuation. CDPQ and Sequoia Capital co-led the round.

The bottom line: E-scooter companies are simultaneously working to curb losses, curry favor with city regulators, and convince investors they're the next great transportation revolution.

E-scooter company Bird raises $275 million

The round values the company at $2.5 billion pre-money, per a source.

Business

electric scooters

Technology

Electric vehicles

Electric scooter rental company Bird today announced $275 million in Series D funding at what we hear was a $2.5 billion pre-money valuation. CDPQ and Sequoia Capital co-led the round.The bottom line: E-scooter companies are simultaneously working to <a class="gtmContentClick" data-vars-link-text="curb losses" data-vars-click-url="https://www.axios.com/bird-ceo-100-million-loss-report-response-7ed2d0a7-e187-404d-9d1e-2ec27f423293.html" data-vars-content-id="347b74af-33a2-4b35-ac4f-0cb5c1c60a41" data-vars-headline="E-scooter company Bird raises $275 million" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/bird-ceo-100-million-loss-report-response-7ed2d0a7-e187-404d-9d1e-2ec27f423293.html" target="_self">curb losses</a>, curry favor with city regulators, and convince investors they&#x27;re the next great transportation revolution.

Ominous forecasts about the impact of climate change serve as the backdrop for the world — led by U.S. lawmakers and companies — to debate big action on the problem, which could upend energy systems and our way of life.

E-scooter company Bird raises $275 million

Go deeper