← Back to the club

Bird Global

MicromobilityUSA
💀 Dead / Bankrupt
Peak $2.85 BillionToday
~-99%
from peak
  1. 🦄
    Became a unicorn
    ~2018
  2. 📈
    Peak valuation
    $2.85 Billion ’21
  3. 💔
    Became a Unitard
    Dec 2023
  4. 💸
    Last valuation
    ~$0
Current status
Chapter 11 (Dec 2023); delisted NYSE

How it happened

Bird was a US micromobility pioneer that rapidly reached unicorn status renting electric scooters, and was valued near $2.85B when it went public via SPAC in 2021. Persistent losses, asset write-downs, and an unsustainable unit economics model eroded its finances. Bird was delisted from the NYSE and filed for Chapter 11 bankruptcy in December 2023, with its value down roughly 99%.

Source: Canary Media/NYT