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Bird Announces Its Acquisition of Scoot

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The Bird will be taking over Scoot, a company that develops electric scooters and mopeds confirming reports that the two companies were considering acquisition. Scoot, before the acquisition, was valued at $71 million dollars and had raised $47 million in funding. Launched circa 2011, Scoot has been consistent is delivering its electric fleet of two-wheeled locomotives since its inception.

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“We are thrilled to welcome Scoot to the Bird ecosystem and look forward to working with the Scoot team as we further scale our complementary missions to replace car trips with micro-mobility options for all,” Bird founder and CEO Travis VanderZanden said in a statement. “Together we will make a bigger impact on our riders’ daily lives and the cities we serve.”

Both the companies have not disclosed the acquisition sum, however, industry observers predict the deal to be somewhere around $25 million.

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“Since we launched the first electric vehicle service you access with your smartphone, we have pursued our mission of Electric Vehicles for Everyone and showed cities that shared, electric mobility is a convenient, fun, and affordable way for citizens to get where they need to go,” Scoot founder and president Michael Keating said in a statement. “With Bird, our mission remains the same, but the scale at which we will pursue it, and the vehicles we will offer will be so much better for our riders and the cities we serve.”

The combination of Bird and Scoot will finally fulfil the former’s aim of operating shared electric scooters in the city of San Francisco.

Read More: The Artificial Intelligence Week

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