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Electric Scooter Startup Bird Raises $275 Million in Latest Funding Round

Electric Scooter Startup Bird Raises $275 Million in Latest Funding Round

Bird is emerging as a leader in micro-mobility space. On Thursday, the company announced a $275 million Series D funding round. The round was led by CDPQ and Silicon Valley-based Sequoia Capital. The latest round values Bird at a $2.5 billion pre-money valuation.

Eric Walz2019-10-04 08:50 PT

Popular Electric Scooters Available Through Ride-Sharing Apps Can Be Hacked

Popular Electric Scooters Available Through Ride-Sharing Apps Can Be Hacked

If you thought autonomous vehicles would be the only machines that could be hacked, you’re wrong. Researchers from Zimperium found that the Xiaomi M365 electric scooter could be hacked to accelerate or brake.

Vineeth Joel Patel2019-02-18 06:00 PT

Lyft is Close to Acquiring Bike Sharing Operator Motivate for $250 Million

Lyft is Close to Acquiring Bike Sharing Operator Motivate for $250 Million

The Information reports that Lyft, the number two ride-hailing company is reportedly close to a deal to buy Motivate, the operator of CitiBike. Sources quoted in the story suggest the acquisition price of $250 million.

Jeremy Carlton2018-06-01 13:41 PT

Lyft is Looking to Launch Electric Scooter Rental Service in San Francisco

Lyft is Looking to Launch Electric Scooter Rental Service in San Francisco

San Francisco-based Lyft, the second largest ride-hailing service behind Uber, is planning to offer electric scooter rentals in San Francisco as part of its ride-hailing platform. Lyft is gearing up to compete against its biggest rival Uber and other startups in the fast-growing market of electric scooter and bike rentals.

Eric Walz2018-05-22 10:52 PT