June 13 - 11:06
Bird to acquire electric vehicle company Scoot
Bird and Scoot have announced that Bird is acquiring Scoot, the San Francisco-based EV company. Bird and Scoot will offer riders more vehicles featuring the latest technology advancements for the sharing market. Scoot will continue to operate as Scoot, a wholly owned subsidiary of Bird. Prior to the acquisition, Scoot was valued at $71 million with $47 million in funding, said Tech Crunch.
> Sources
> Tweets