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Will Bird Be The Word For Investors And Micromobility? What To Know About The Scooter SPAC Deal
Wednesday, May 12, 2021 - 10:13am | 450A leading electric micromobility company announced a SPAC deal Wednesday with plans to expand to more cities and new segments. The SPAC Deal: Bird announced a deal with Switchback II Corporation (NYSE: SWBK) valuing the company at $2.3 billion. Current Switchback II Corporation shareholders will...
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Lime Shutting Down In 12 Markets Over Profitability Concerns
Friday, January 10, 2020 - 10:22am | 622The world's largest on-demand e-scooter company Lime announced that it is shutting down its services across 12 markets and laying off 14% of its workforce in an attempt to turn profitable this year. In a blog post, Brad Bao, the CEO of Lime, explained that the company was now focused on...
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E-Scooters Are Not Good For The Environment, German Government Study Finds
Tuesday, September 3, 2019 - 1:40pm | 843In the pursuit of shared mobility, electric scooters are making a ubiquitous appearance across urban spaces in Europe and North America, with startups behind these vehicles pushing billion-dollar valuations in record time. People, especially millennials, are increasingly enamored by this low-cost...
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E-scooter Companies Pushed To The Wall As Paris Opts To Restrict Licenses
Wednesday, August 14, 2019 - 10:40am | 746Paris was one of the first cities to welcome the idea of digital platforms providing electric scooters for hire, but the events that transpired after that decision has led the city to rethink its stand on e-scooter mobility. The trouble started with the proliferation of a dozen e-scooter companies...