The investment demonstrates continued confidence in Bird's path ahead, following Bird's second consecutive quarter of positive adjusted EBITDA. The funding strengthens Bird's liquidity position, and further enables the company to achieve its expectations of $15 to $20 million in adjusted EBITDA and $5 to $10 million in free cash flow this year. The new funding comes from a variety of new investors into Bird Global.

Bird is an electric vehicle company dedicated to bringing affordable, environmentally friendly transportation solutions such as e-scooters and e-bikes to communities across the world. Founded in 2017 by transportation pioneer Travis VanderZanden, Bird's cleaner, affordable, and on-demand mobility solutions are available in more than 350 cities, primarily across the United States, Canada, Europe, the Middle East, and Australia. We take a collaborative, community-first approach to micromobility. Bird partners closely with the cities in which it operates to provide a reliable and affordable transportation option for people who live and work there.