electric scooters

Scoop: Bird raising $300 million in Fidelity-led round

Bird scooters in Paris. Photo: ERIC PIERMONT/AFP/Getty Images

E-scooter startup Bird is raising $300 million in new funding led by Fidelity, Axios has learned. Bird would maintain its existing $2 billion pre-money valuation, as this is being structured as an extension of its prior round.

The big picture: Bird continues to battle for "micromobility" supremacy with rival Lime, which is said to be seeking $400 million in its own new funding round. A Bird spokesperson declined comment.

Ford won't let a few potholes halt its path to autonomous cars

One of Ford's self-driving test vehicles on the streets of Washington, D.C.
One of Ford's self-driving test vehicles on the streets of D.C. Photo: Ford

Ford will continue its push toward "mobility" to position itself as a key player in autonomous vehicles, even as the traditional car industry seems headed for a down cycle and the realistic timeframe for AVs is being adjusted to later, several company executives tell Axios.

Why it matters: Though Ford still gets most of its revenue selling personal vehicles, the company sees a world where people rely on a much wider mix of transportation modes. To transform itself for its AV goals, Ford has made a range of acquisitions and has brought more of its technology development in-house.

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