Tag: Bird Global

  • Bird’s Chapter 11

    Bird’s Chapter 11

    According to PR Newswire, Bird Global, Inc. has entered into a restructuring support agreement with first- and second-lien lenders, securing unanimous support. Key to this restructuring is a $25 million debtor-in-possession financing from MidCap Financial and existing second-lien lenders. This financing is critical for Bird to maintain its operational commitments during the restructuring phase. Bird’s…

  • Bird continues to face challenges

    Bird continues to face challenges

    Bird sold a vision of micro-mobility and got me excited. I thought it would really worked out initially. In the next year I saw their vehicles trashed into lakes, vandalized and I encountered one that isn’t functional. I realized this wasn’t going to work out. Not in Oakland and San Francisco at least. From Investors…

  • Lime raises $500M and public plans

    Lime raises $500M and public plans

    The Verge reports that, Lime, the electric scooter company, has raised over $500 million in funding and confirmed plans to go public. The recent funding includes $418 million in debt financing and a $105 million loan. Unlike its rival Bird, Lime hopes to leverage its global presence and status to attract investors. The company, claiming…