Bird is reportedly raising $150 million at $1 billion valuation – TechCrunch

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Fowl, the electrical scooter firm that first launched in Los Angeles, is reportedly elevating $150 million in new financing led by Sequoia Capital, in response to Bloomberg. The spherical would worth the corporate at $1 billion. Fowl declined to remark for this story.

This comes after Fowl raised $100 million on a $300 million valuation again in March. That very same month, Fowl deployed its scooters in San Francisco, San Jose and Washington, D.C. Beneath are confirmed funding rounds from electrical scooter firms. Nevertheless, Lime is reportedly making an attempt to lift as much as $500 million.

In San Francisco, Fowl, Lime and Spin should take away their scooters from the streets by June four. If an organization receives a allow to function, which the San Francisco Municipal Transportation Company will notify them of someday in June, they are going to be capable of redeploy their scooters.

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