TOP STORIES 🔥

 💵 Bird breaks free from its cage

Bird announced yesterday their new operational strategy: becoming, once again, a private company, this time under the wing of newly established Third Lane Mobility Inc.

Back in December 2023, Bird made headlines by filing for Chapter 11 Bankruptcy Protection, despite being one of the fastest companies to reach both a $1 billion and $2 billion valuation. Their issues lay with their cost structures, which overshadowed their strong revenue streams.

After this restructuring however, Bird now plans to reduce costs and continue operating in cities worldwide.

🍋 Lime storms ahead with second record-breaking year

Mobility giant Lime revealed its 2023 statistics this week, outdoing itself for the second year in a row. Some of the key figures include: 156 million trips, $616m in gross bookings and a growth rate of +30% for both KPI vs 2022.

Lime also announced their plans to expand their bike-sharing scheme, investing $55m this year, a decision driven by the doubling of bike trips from 2022 to 2023. Interestingly, Lime’s report mentions that they won over 90% of competitive permits in 2023, a somewhat unsurprising statistic as the company operated in 240 cities by the end of last year. They are also rumoured to be likely to go public this year; perhaps these results are what they need to start that process.

Lime looks to be already underway with their bike growth plan, having recently announced an upcoming expansion in London. Check out our Launches and Expansions section for more 👇

LAUNCHES AND EXPANSIONS 🚀

Beryl | 🚲 🛴
Contract renewal in Bournemouth, Christchurch and Poole (GB) extends operations until 2029

Bolt | 🛴 (180)
Launch in Hamm (DE) 

Getmancar | 🚗 
Launch in Chișinău (MD) 

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PAUSES & EXITS 👋

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CITY UPDATES 🌐

Cherbourg (FR) | City announces electric bike sharing scheme, starting in May.

Córdoba (ES) | Eight out of ten citizens want the public bike service to return, over ten years after its removal from the city.

Imperia (IT) | Municipality gives Bolt €52,000 security deposit for running the scooter sharing service in the area.

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INDUSTRY NEWS 🗞️

BlaBlaCar raises €100m in financing round.

Bolt eyes up potential shared mobility launch in the UK.

Donkey Republic reports over €3m in oversubscribed private placement.

EU signs the European Declaration on Cycling, a monumental achievement for the mode.

Fluctuo CEO Julien Chamussy gives France 3 his insights into the European mobility market, focusing on Paris.

Hiyacar receives £1.2M investment for growth in B2B and carsharing sectors.

Lime partners with charity to encourage London youth to vote.

micromobility CEO and CFO change salaries to $1, 150x the company’s share price.

Ryde launches its latest scooter model.

Voi launches its newest generation scooter.

Voi enters the zeitgeist with anonymous pop star referencing their scooters in new song, yet Voi CEO denounces drink-driving claims made in the song.