The demand for more eco-friendly urban transit solutions has been on the rise for a while now, and Bird is one of the companies that has answered this call. The company supplies lightweight, speed-capped electric vehicles for city travel - such as bikes and scooters.
Competition in the space has been famously fierce, but at one point Bird was one of the biggest companies of its kind. It was active in more that 450 cities worldwide, though it has since hit a rough patch. This saw the company exiting dozens of markets and ultimately declaring bankruptcy in 2023.
The company is now restructuring in hopes it can regain its footing, strengthen its balance sheet and position itself for long-term sustainable growth. Interestingly, Bird Canada was not part of its parent company's filing and continues operations as before.
Freddie
Company Specialist at Welcome to the Jungle