Bird breaks free from its cage 馃挼

Plus, Lime reports another record-breaking year, the EU backs cycling all the way and C贸rdoba citizens plead for the return of...

Hi reader,

We鈥檙e back your weekly low-down, packed with the latest news and exclusive insights on European shared mobility.

Want a recap on all the top tenders from March? Have a look at the monthly tender watch with a country-by-country breakdown of 22 tenders across Europe.

Did this email land in your inbox OK? Let us know by replying to this email - it will help you receive it in the future.

TOP STORIES 馃敟

馃挼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.

馃崑 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鈥檚 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 馃憞

LAUNCHES AND EXPANSIONS 馃殌

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

Bolt| 馃洿 (180)
Launch in Hamm (DE)

Getmancar| 馃殫
Launch in Chi葯in膬u (MD)

You鈥檙e missing out on 5 more launches & expansions. Subscribe to premium:

PAUSES & EXITS 馃憢

Don鈥檛 miss out on 1 pause & exit - subscribe to premium.

CITY UPDATES 馃寪

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

C贸rdoba (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 鈧52,000 security deposit for running the scooter sharing service in the area.

Did you know premium subscribers have access to 5 more city updates?

INDUSTRY NEWS 馃棡锔

BlaBlaCar raises 鈧100m in financing round.

Bolt eyes up potential shared mobility launch in the UK.

Donkey Republic reports over 鈧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 拢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鈥檚 share price.

Ryde launches its latest scooter model.

Voi launches its newest generation scooter.

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

That鈥檚 all for this week.

Thanks for reading. If you have any feedback, just hit reply.

Join the conversation

or to participate.