Scooter Company Bird Global Files Bankruptcy to Sell Itself
- Firm went public in 2021 using a SPAC to raise $414 million
- Tighter rules in cities is changing market for shared scooters
Bird electric scooters in San Jose, California, US.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Bird Global Inc., the company that put electric scooters onto the sidewalks of major cities, filed for bankruptcy with a plan to sell itself two years after raising $414 million from shareholders.
The Miami based company listed assets and liabilities of between $100 million and $500 million in its Chapter 11 petition. The filing in US Bankruptcy Court in Miami protects the company from creditors while it develops a plan to pay them off.