As Spring Arrives, Bird Announces Expanded Global Operations
March 28 2023 - 08:00AM
Business Wire
Warmer weather brings new city launches and
expanded programs for the company
Bird Global, Inc. (NYSE:BRDS), a leader in environmentally
friendly electric transportation, today announced that with the
return of warm weather, scooters are hitting the roads in dozens of
cities across the globe, including new programs around Europe, the
U.S. and Canada. These new and expanded operations showcase the
company’s commitment to city partners, understanding of local
transportation needs, and investment in innovative technology. It
also demonstrates the company’s continued global growth as we enter
the summer months. Bird expects tens of millions of rides across
the company’s global footprint in the coming months. These new and
growing cities join already successful programs in the Middle East
and Australia.
New North American city launches this spring include Dallas,
Texas; Lincoln, Nebraska; Logan, Utah; Montgomery, Alabama; and
Pocatello, Idaho; as well as numerous cities in the Greater Toronto
Area. In Europe, Bird will launch in numerous Italian cities,
including Cervia, Ercolano, Grosseto, and Cagliari; and will expand
in Israel with a launch in Ramat Hasharon.
“Spring weather means more people are choosing electric scooters
and e-bikes to commute to work, get to school, and explore their
cities,” said Shane Torchiana, CEO, Bird. “As we enter our
busy season, we are committed to being a trusted partner to cities
while delivering on our goal of being the first micromobility
provider to hit positive free cash flow in 2023. We’re super
grateful to the riders, partners, and policymakers who make our
programs successful and look forward to continuing to grow our
footprint in a sustainable way with them.”
In addition to new launches, Bird has also received permit
renewals in recent months in a number of cities where the company
is already operating, including Louisville, Kentucky; South Bend,
Indiana; and more in the U.S., as well as Tel Aviv, Israel and
Turin, Italy - pointing to continued demand for micromobility and
strong city satisfaction with Bird as a partner. In many places,
these renewals bring expanded operating zones and bigger fleet
caps, confirming the impact Bird has for providing access to
affordable, reliable, and sustainable transportation in cities
across the world.
Warmer weather also means that Bird will be bringing scooters
and e-bikes back onto the roads in markets where operations were
paused for the coldest of the winter months, including cities in
Michigan, Minnesota, upstate New York, New England, and across
Canada, as well as European markets including Finland, the Canary
Islands, and more.
Bird continues to operate across the Middle East and Australia,
with a most recent launch in Perth, the company’s first major
market for e-scooter operations in Australia.
About Bird
Bird is an electric vehicle company dedicated to bringing
affordable, environmentally friendly transportation solutions such
as e-scooters and e-bikes to communities across the world. Founded
in 2017 by transportation pioneer Travis VanderZanden, Bird’s
cleaner, affordable, and on-demand mobility solutions are available
in more than 350 cities, primarily across the United States,
Canada, Europe, the Middle East, and Australia. We take a
collaborative, community-first approach to micromobility. Bird
partners closely with the cities in which it operates to provide a
reliable and affordable transportation option for people who live
and work there.
Forward-Looking Statements
This press release contains forward-looking statements. We
intend such forward-looking statements to be covered by the safe
harbor provisions for forward-looking statements contained in
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. All
statements other than statements of historical facts may be
forward-looking statements. Such forward-looking statements
include, but are not limited to, statements regarding the expected
benefits of the transaction; our path to profitability and our
future financial performance, operations, operating results and
financial condition. We have based these forward-looking statements
largely on our current expectations. These forward-looking
statements involve known and unknown risks, uncertainties and other
important factors that may cause our actual results, performance or
achievements to be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking statements, including, but not limited to, our
ability to cure our New York Stock Exchange (“NYSE”) price
deficiency and meet the continued listing requirements of the NYSE;
risks related to our relatively short operating history and our new
and evolving business model, which makes it difficult to evaluate
our future prospects, forecast financial results, and assess the
risks and challenges we may face; our ability to achieve or
maintain profitability in the future; our ability to retain
existing riders or add new riders; our Fleet Managers’ ability to
maintain vehicle quality or service levels; our ability to evaluate
our business and prospects in the new and rapidly changing industry
in which we operate; risks related to the impact of poor weather
and seasonality on our business; our ability to obtain vehicles
that meet our quality specifications in sufficient quantities on
commercially reasonable terms; our ability to compete successfully
in the highly competitive industries in which we operate; risks
related to our substantial indebtedness; our ability to secure
additional financing; risks related to the effective operation of
mobile operating systems, networks and standards that we do not
control; risks related to action by governmental authorities to
restrict access to our products and services in their localities;
risks related to claims, lawsuits, arbitration proceedings,
government investigations and other proceedings to which we are
regularly subject; risks related to compliance, market and other
risks, including the ongoing conflict between Ukraine and Russia,
in relation to any expansion by us into international markets; any
continuing impact of the COVID-19 pandemic on our business,
financial condition, and results of operations; risks related to
the impact of impairment of our long-lived assets and the other
important factors discussed in Part I, Item 1A. “Risk Factors” in
our Annual Report on Form 10-K for the year ended December 31, 2022
, and described from time to time in our future reports filed with
the Securities and Exchange Commission. The forward-looking
statements in this press release are based upon information
available to us as of the date of this press release and while we
believe such information forms a reasonable basis for such
statements, these statements are inherently uncertain and you are
cautioned not to unduly rely upon these statements. Except as
required by applicable law, we do not plan to publicly update or
revise any forward-looking statements contained in this press
release, whether as a result of any new information, future events
or otherwise.
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