Spotlight Growth
No Result
View All Result
Friday, February 3, 2023
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
No Result
View All Result
No Result
View All Result
Home Venture Capital/Private Equity (VC/PE)

E-Scooter Craze: Bird Raises Another $300 Million, Lime Said To Be Seeking $400 Million Investment

by admin
January 10, 2019
in Venture Capital/Private Equity (VC/PE)
0
E-Scooter Craze: Bird Raises Another $300 Million, Lime Said To Be Seeking $400 Million Investment

E-Scooter Craze Bird Raises Another 300 Million Lime Said To Be Seeking 400 Million Venture Capital Private Equity News

The still relatively-new electric scooter, or e-scooter, market continues to draw strong investor interest. As the ride-sharing market continues to expand beyond the typical Uber or Lyft drive, e-scooters have taken the reigns as another solution to the last-mile commute. Silicon Valley and Southern California have embraced the e-scooter crazy, which has streets lined with scooters from popular companies like Bird and Lime.

However, it appears the e-scooter market it just getting started. According to Grand View Research, the global electric scooter market is estimated to be worth $41.98 billion by 2030. This represents a compound annual growth rate (CAGR) of 7.6%. The market research firm sees growing interest in green energy, electric transportation, and other renewable energy project across the Middle East, Europe and Asia. Grand View Research sees governments (especially in Asia) continuing to warm up to e-scooters as a method to reduce traffic congestion and meet environment initiatives.

Axios: Bird Raises $300 Million In Series C Extension, Led By Fidelity

A special report from Axios recently disclosed that Bird is raising another $300 million in an extension to its Series C funding round. The funding holds Bird with its existing pre-money valuation of $2 billion. Furthermore, Fidelity Investments was among the top investors in the latest funding raise. Bird representatives did not provide further comment on the report.

Bird Locations, Source: Bird.co
Bird Locations, Source: Bird.co

This represents the first investment in Bird made by Fidelity, which joins other major private equity/venture capital firms: Sequoia Capital, Accel, CRV, Greycroft, Index Ventures, Craft Ventures, Tusk Ventures, Upfront Ventures, and more. Bird is based out of Santa Monica, California.

Lime Said To Be Looking for $400 Million Investment At $3 Billion Valuation

Bird’s top competitor, Lime, is also reportedly looking for additional funding. The San Francisco-based e-scooter company is reportedly looking to raise $400 million at a $3 billion valuation. Lime has been working on expanding its micro-mobility offers to include bikes and LimePods, “a line of shareable vehicles available in Seattle,” according to TechCrunch.

Lime Locations, Source: Lime
Lime Locations, Source: Lime

Lime has done a great job with establishing its services around the world. Bird’s footprint is primarily across North America with only eight international locations. Lime not only has a strong North American presence, but also has locations around the world. The SF-based micro-mobility company also currently has a larger university location offering than Bird.

Overall, Bird and Lime have both been around for only two years, yet have continued to raise funds at increasingly high valuations. With that said, the e-scooter industry has suffered some issues with regards to batteries and overall dependability. While both companies are actively looking to expanding its suite of services and locations, improving dependability and battery durability will have to be a key focus moving forward. These issues are not to be unexpected for early-stage companies growing at such swift pace. With major investors like Fidelity gaining interest in the industry, e-scooter companies continue to see validation.

Tags: appsAxoisBirdCaliforniacommon stocke-scooteremerging growthFidelityFidelity investmentsfundingfundraisinginvestinginvestmentLimeLyftmarket newsmarket researchmicro-mobilitymobilenewsPEPE newsprivate equityprivate equity newsride-sharingsalesSequoia CapitalservicesSilicon ValleySpotlight GrowthSpotlight Growth StockstechUberuniversitiesvaluationVCVC newsventureVenture Capitalventure capital newsventures
  • Trending
  • Comments
  • Latest
Asure Software NASDAQ ASUR Human Capital Management HCM Industry Spotlight Growth

Asure Software (NASDAQ: ASUR) is Expanding to Meet the Rising Demand for Human Capital Management Software

September 27, 2022
OLB Group NASDAQ OLB Cuentas NASDAQ CUEN Partnership Fintech Spotlight Growth

OLB Group (NASDAQ: OLB) and Cuentas (NASDAQ: CUEN) Team Up to Bring Fintech Solutions to Over 32,000 Bodegas Across the United States

October 6, 2022
Siyata Mobile NASDAQ SYTA SYTAW SD7 VK7 Purchase Orders Spotlight Growth

New Purchase Orders for SD7 Rugged Device, VK7, and Other Accessories Boost Siyata Mobile’s Outlook (NASDAQ: SYTA)

December 14, 2021
Telcoin TEL Crypto Spotlight Growth

Telcoin (TEL) Quietly Leads a Crypto Remittance Revolution

June 15, 2021
Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

0
Safe-T SFET NASDAQ UN Presentation

Safe-T (NASDAQ: SFET) Has Been Selected to Present at the United Nations’ Office of Information and Communications Technology Event

0
Safe-T Group SFET Q4 FY 2020 Financial Results

Safe-T Group (NASDAQ: SFET) Reports Fourth Quarter and Full Year 2020 Financial Results

0
Safe-T Group NASDAQ SFET FY 2020 Prelim

Safe-T Group Ltd. (NASDAQ: SFET) Estimates Record-High Annual Revenues of Approximately $4.9 Million Representing ~50% Growth YoY 2020

0
Elys Game Technology Corp NASDAQ ELYS Completes Acquisition of Engage IT Services Spotlight Growth

Elys Game Technology Corp (NASDAQ: ELYS) Completes Acquisition of Engage IT Services, a Software Engineering and IT Development Company

February 2, 2023
Tenax Therapeutics NASDAQ TENX US Patent Levosimendan PH-HFpEF Spotlight Growth

Tenax Therapeutics (NASDAQ: TENX) Granted U.S. Patent for IV Levosimendan for Pulmonary Hypertension with Heart Failure and Preserved Ejection Fraction (PH-HFpEF)

February 2, 2023
Versus Systems NASDAQ VS Resolve Debt Partner AI Gamification Consumer Debt Spotlight Growth

Versus Systems (NASDAQ: VS) and Resolve Debt Partner to Integrated Generative AI and Gamification to Customer Payments and Credit Markets

February 1, 2023
Finding the Most Accurate Technical Analysis Indicator Spotlight Growth

Finding the Most Accurate Technical Analysis Indicator

January 31, 2023
ADVERTISEMENT

Recent News

Elys Game Technology Corp NASDAQ ELYS Completes Acquisition of Engage IT Services Spotlight Growth

Elys Game Technology Corp (NASDAQ: ELYS) Completes Acquisition of Engage IT Services, a Software Engineering and IT Development Company

February 2, 2023
Tenax Therapeutics NASDAQ TENX US Patent Levosimendan PH-HFpEF Spotlight Growth

Tenax Therapeutics (NASDAQ: TENX) Granted U.S. Patent for IV Levosimendan for Pulmonary Hypertension with Heart Failure and Preserved Ejection Fraction (PH-HFpEF)

February 2, 2023

Categories

  • Bio/Med/Pharma
  • Cannabis
  • Commodities
  • Consumer Goods
  • Crowdfunding
  • Crypto Cheat Sheets
  • Cryptocurrency
  • Earnings
  • Education
  • Entertainment
  • Financials
  • Market News
  • Opinion
  • Politics
  • Real Estate
  • Split Watch
  • Sponsored
  • Store
  • Technology
  • Uncategorized
  • Venture Capital/Private Equity (VC/PE)

Site Navigation

  • Disclosures
  • Terms Of Service
  • Privacy Policy
  • Contact Us

Copyright © 2017-2022 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

No Result
View All Result
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener

Copyright © 2017-2022 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

Newsletter Signup

Subscribe to our weekly newsletter below and never miss the latest small/micro-cap analysis and investment news from Spotlight Growth.

Enter your email address

Thanks, I’m not interested