E-scooters: American Bird buys European Circ
The American company Bird, a pioneer in electric scooter sharing, has acquired a European competitor, Circ, based in Berlin and present in 43 cities in 12 countries, the two companies announced on Monday.
Bird CEO and founder, Travis VanderZanden, says that the company is delighted to acquire Circ, “which is undeniably the European leader in the micro-mobility sector”.
“This operation will thus enable Bird to welcome more than 300 new employees,” claims the press release, which specifies that the investors of the company resulting from the merger are Target Global, Team Europe, Idinvest Partners, and Signals Venture Capital.
In addition, just three months after announcing a 275-million-dollar fundraising campaign, Bird is increasing the investment to 350 million dollars. In July 2019, Bird announced its decision to base its European HQ in Paris, committing to create 1.000 jobs over the next two years.
2,5 billion dollars
The first free-floating e-scooter from Bird descended on Santa Monica, California, in early September 2017. Within days, their e-scooters took California by storm.
Since September 2018, the e-scooters from Bird are available for use in the whole Brussels Region, and in Antwerp. Circ’s e-steps can be found, among others, in Brussels, Antwerp, Mechelen, Louvain, and Ostend.
Currently, Bird has landed in more than 120 cities worldwide. In October last year, the company was valued at 2,5 billion dollars.