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Bird pioneered scooter sharing Now it s going public

Bird pioneered scooter sharing. Now it s going public. CNN 2 hrs ago By Matt McFarland, CNN Business © Samuel Rigelhaupt/Sipa USA/Alamy Stock Photo Bird scooters are located in the downtown area of Nashville, Tennessee on May 2, 2021. Visitors and residents can scooters by Bird, Spin and Lime and are available dockless in many areas of the city. Bird, the startup that pioneered shared electric scooters, plans to go public as soon as this summer. Bird will merge with a special purpose acquisition company, Switchback II Corporation, valuing the startup at $2.3 billion. After the merger, the company will have up to $428 million in cash to fund operations and growth.

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