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Bird is raising $100 million to become the Uber of electric scooters

Bird is raising $100 million to become the Uber of electric scooters

An electric scooters startup company R6;Bird‘ based on Santa Monica, California; is in the process of raising as much as $100 million on a $300 million , according to several people with of the company’s plans.

Bird has become a phenomenon in the Los Angeles neighborhoods where it’s available, shares a lot with America’s most valuable ride-hailing and logistics company.

The company was founded by a former Uber (and Lyft) executive, Travis VanderZanden,  who is no stranger to controversy. Lyft sued him for allegedly breaking a confidentiality agreement when Uber hired him and the two sides later settled for undisclosed terms. Like Uber, Bird has also rolled out its with little regard for the regulations imposed by the neighborhoods in which it operates.

As a Washington Post article notes, the Santa Monica Police Department has made 281 traffic stops and issued 97 tickets since the beginning of the year and late February — and the coastal, Los Angeles-adjacent city’s fire department has responded to 8 accidents involving Bird’s scooters — seeing injuries to both minors and adults.

Under California law, riders of motorized scooters must be at least 16 years old, licensed drivers, wearing a helmet and not riding the scooters on sidewalks; all things that Bird has no control over.

The company is now in talks with Santa Monica’s director of transportation and mobility over how it can to incorporate into the city’s regulatory framework — all while being taken to court by the city for ignoring the existing regulations that it argues should already govern its ability to operate.

Then there’s the nuisance factor for businesses — Bird picks up its scooters by 8PM to get them off the streets and only offers them in front of storefronts that have agreed to host the scooters. And as for injuries — Bird will pay out if its scooter breaks, but not if a rider is putting the scooter through its paces for a bid at a new .

Credits: https://techcrunch.com/2018/03/09/bird-is-raising-100-million-to-become-the-uber-of-electric-scooters/

 

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Bird is raising $100 million to become the Uber of electric scooters
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Bird is raising $100 million to become the Uber of electric scooters
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An electric scooters startup company 'Bird' based on Santa Monica, California; is in the process of raising as much as $100 million on a $300 million valuation, according to several people with knowledge of the company’s plans.
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