Acquisitions

Micro mobility startup Bird acquires Scoot

LatAm List – Micro mobility is on the rise in Latin America, as commuters seek alternatives to traditional forms of transportation. Scoot, a San Francisco-based e-scooter pioneer, has recently been acquired by Bird, another shared electric vehicle company. Scoot will continue operating under its own name, but will become a wholly owned subsidiary of Bird.

The acquisition will allow both companies to offer their riders more vehicles with the latest technological advancements in the sharing market, provide service in more communities, and help cities reduce both automobile traffic and climate-changing carbon emissions.

“We are thrilled to welcome Scoot to the Bird ecosystem and look forward to working with the Scoot team as we further scale our complementary missions – to replace car trips with micro-mobility options for all,” said Travis VanderZanden, founder and CEO of Bird. “Together we will make a bigger impact on our riders’ daily lives and the cities we serve.”

Scoot launched operations in Latin America around the same time Mexico’s Grin had raised a $45.7M Series A, which has since then merged with Yellow and raised $150M to fund their expansion across Latin America. This serves as proof of the spike in interest and investment in the region’s sharing economy.

Read more on PR Newswire.

Learn more about Latin America’s sharing economy:

New legislation accelerates e-scooter expansion in Buenos Aires

Movo raises $22.5M for LatAm expansion

Cabify raises 160M and achieves unicorn valuation

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