Bird raises new funding at a $2.5 billion valuation, thanks to longer-lasting scooters

Image: Bird

Bird, a startup that rents out electric scooters, is being valued at $2.5 billion in a new funding round led by CDPQ and Sequoia Capital, the company announced at TechCrunch Disrupt on Thursday. The company says it raised $275 million in its Series D round, which it claims is a testament to the company’s effort to improve its unit economics.
Bird’s new pre-money valuation was first reported earlier this summer by TechCrunch and The New York Times. It’s a slight increase over the company’s $2.3 billion valuation from last year, but it’s still a sign that venture capital firms aren’t done pumping money into e-scooter companies, despite reports of steep cash losses and rampant vandalism of the scooters. But the temperature around scooter…

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