Electric scooter business Bird Global revealed Wednesday that it hasactually submitted for insolvency defense in an effort to support its shaky financialresources
ByThe Associated Press
December 20, 2023, 8: 00 PM
FILE – Sharable electrical scooters by Bird Rides, Inc. wait on downtown pathways for pedestrian usage, Oct. 2, 2019, in downtown Cincinnati. Electric scooter business Bird Global revealed Wednesday, Dec. 20, 2023, that it hasactually submitted for personalbankruptcy security in an effort to support its unsteady financialresources. (AP Photo/John Minchillo, File)
The Associated Press
MIAMI — Electric scooter business Bird Global revealed Wednesday that it hasactually submitted for insolvency security in an effort to support its unsteady financialresources.
The relocation marks a sobering comedown for a previously high-flying start-up that was attempting to make it simpler to get around huge cities in an ecologically friendly method with its fleet of electrical scooters. The idea broughtin about $500 million in financialinvestments from popular Silicon Valley endeavor capital companies such as Sequoia Capital and Accel Partners before endingupbeing a openly tra