Scoot scooters in San Francisco. Photo: Robert Alexander/Getty Images

Bird on Wednesday said that it has acquired Scoot, which provides on-demand rentals of mopeds, scooters and bikes. Terms weren't disclosed.

Why it matters: This may get Bird access to the San Francisco market, where Scoot has an operating permit but Bird doesn't.

  • Scoot will able to continue operating in San Francisco post-acquisition. "We approved the continued use of the permit based on a review of the request and on their assurances to meet the goals of Scooter Share Pilot," an SFMTA spokesman said in a statement to Axios. "These efforts include the promotion of safety as a top priority and improving equity to ensure underrepresented communities can actively participate in the program."

More about Scoot: The company was founded in 2011 and spent its first several years focused on moped rentals in San Francisco. Last year, it expanded to Barcelona, and added bicycles before getting into the small motorized scooters. To date, it has raised about $47 million in venture capital and was last valued at $71.5 million, according to PitchBook.

The bottom line: It was only a matter of time before the scooter rental market began to consolidate.

Editor's note: The story has been updated with comment from the San Francisco transportation agency regarding Scoot's scooter permit.

Go deeper

Trump's new TikTok threat

Photo illustration: Aïda Amer/Axios. Photo: Jim Watson/AFP via Getty Images

President Trump said twice Monday that the U.S. Treasury would need to get a portion of the sale price of TikTok, as a condition of regulatory approval.

Why it matters: This is akin to extortion — the sort of thing you'd expect to hear on a wiretap, not from the White House in front of reporters.

Ford names James Farley as new CEO amid ongoing turnaround effort

James Hackett, left, is retiring as Ford CEO. Jim Farley, right, takes over Oct. 1. Photo: Ford

Ford announced Tuesday that James Farley will take over as its next CEO, replacing James Hackett, 65, who is retiring after three years in the job.

Why it matters: It leaves Farley to complete the company's ongoing turnaround effort. The transition will be that much harder as the industry tries to navigate the coronavirus-induced economic slowdown which shuttered Ford plants for two months on the eve of some of its most important vehicle launches.

Updated 3 hours ago - Politics & Policy

Watch the full "Axios on HBO" interview with President Trump

In this episode of “Axios on HBO”, President Trump discusses his handling of the coronavirus pandemic, the upcoming election and much more with National Political Correspondent Jonathan Swan.

The interview was filmed on Tuesday, July 28 and aired Monday, Aug. 3 on HBO.