# Bird Rides

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bird-rides

- Industry: Transportation Services
- Headquarters: Santa Monica, US
- Website: www.bird.co
- Total disclosed funding: $763M
- Latest round: Series D (Jan 24, 2020)
- Investors on record: 21

## About

Founded in 2017 by CEO Mr. Travis VanderZanden, and based in California, US, Bird Rides Inc., known as Bird, offers a mobile application providing rental services of electric scooters and bikes, and is available on both the App Store and Play Store. Bird offers its services across Europe, Middle East, and the US. The company expanded its operation into a global fleet providing several trips to riders in over 200 cities annually handling over 95 million rides. 

In 2020, Bird Rides, Inc. raised USD 75 million in Series D funding from new investors Idinvest Partners, Signals Venture Capital, Target Global, and Team Europe. The round was part of a larger USD 350 million in Series D funding. In 2021, Bird Rides, Inc. merged with Switchback II Corporation, a special purpose acquisition company (SPAC). The transaction is valued at USD 316 million with an equity value of USD 2.3 billion. 

The company offers riders with a map to find the bird nearby and reserve it up to 30 minutes in advance. The rider should scan the Bird QR code with the app to begin the ride. Bird Rides’ vehicles include electric bikes and electrical scooters such as Bird One, Bird Two, and Bird Three with automatic LED headlights. The company’s electric scooters have features including self-reporting damage sensors, self-sealing tires, dual anti-tipping kickstand, and anti-theft encryption. 

The company generates revenue by selling electric scooters and bikes or through rental services. Bird reported USD 95 million in revenue in 2020. 

Bird Rides, Inc. plans on utilizing Series D funding to increase its vehicle development and research initiatives and to support European expansion plans. The company plans on increasing its partnership with local entrepreneurs to manage its fleets, and other electric bike rental and retail services. Post its merger with SPAC, Bird Rides Inc. plans on becoming a publicly listed company on the New York Stock Exchange (NYSE) and renaming itself to Bird Global, Inc.

## Funding rounds

- Series D, Jan 24, 2020, $75M — Hong Shan, Idinvest Partners, Team Europe, Target Global, blisce/, Signals Venture Capital, La Caisse
- Series D, Aug 23, 2019, $275M — Hong Shan, CDPQ
- Series C, Jun 15, 2018, $100M — Accel, Index Ventures, Hong Shan, Upfront, Valor Equity Partners, Greycroft, Goldcrest Capital, Tusk Venture Partners, Craft Ventures
- Series C, Jun 1, 2018, $200M — Accel, CRV, Index Ventures, Hong Shan, Upfront, Valor Equity Partners, Headline, Greycroft, Goldcrest Capital, Sound Ventures, Tusk Venture Partners, B Capital, Craft Ventures
- Series B, Mar 2, 2018, $95M — Index Ventures, Upfront, Valor Equity Partners, Goldcrest Capital, Tusk Venture Partners, Craft Ventures
- Series A, Oct 20, 2017, $14M — Valor Equity Partners, Goldcrest Capital, Lead Edge Capital, Tusk Venture Partners, Craft Ventures
- Seed, Jun 9, 2017, $4M — Goldcrest Capital

## Investors

- Goldcrest Capital (https://capitalatlas.ai/funds/goldcrest-capital) — Seed, Series A, Series B, Series C
- Valor Equity Partners (https://capitalatlas.ai/funds/valor-equity-partners) — Series A, Series B, Series C
- Lead Edge Capital (https://capitalatlas.ai/funds/lead-edge-capital) — Series A
- Tusk Venture Partners (https://capitalatlas.ai/funds/tusk-venture-partners) — Series A, Series B, Series C
- Craft Ventures (https://capitalatlas.ai/funds/craft-ventures) — Series A, Series B, Series C
- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Series B, Series C
- Upfront (https://capitalatlas.ai/funds/upfront) — Series B, Series C
- Accel (https://capitalatlas.ai/funds/accel) — Series C
- CRV (https://capitalatlas.ai/funds/crv) — Series C
- Hong Shan — Series C, Series D
- Headline (https://capitalatlas.ai/funds/headline) — Series C
- Greycroft (https://capitalatlas.ai/funds/greycroft) — Series C
- Sound Ventures (https://capitalatlas.ai/funds/sound-ventures) — Series C
- B Capital (https://capitalatlas.ai/funds/b-capital) — Series C
- CDPQ — Series D
- Idinvest Partners (https://capitalatlas.ai/funds/idinvest-partners) — Series D
- Team Europe (https://capitalatlas.ai/funds/team-europe) — Series D
- Target Global (https://capitalatlas.ai/funds/target-global) — Series D
- blisce/ (https://capitalatlas.ai/funds/blisce) — Series D
- Signals Venture Capital (https://capitalatlas.ai/funds/signals-venture-capital) — Series D
- La Caisse (https://capitalatlas.ai/funds/la-caisse) — Series D