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What the demise of Superpedestrian means for the e-scooter industry

Superpedestrian's downfall is emblematic of micromobility's problems, like unfavorable city regulations and the bloat from VC funding. ....

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What the demise of Superpedestrian means for the e-scooter industry

At an all-hands meeting just before Thanksgiving, Superpedestrian’s CEO Assaf Biderman told staff the electric scooter company was gearing up for fresh funding and a merger. Management would announce the news on January 1, but until then, Superpedestrian needed to go lean. Less than a month later, Superpedestrian would collapse. ....

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Flightless Bird: E-Scooter Company Bird Declares Bankruptcy

Flightless Bird: E-Scooter Company Bird Declares Bankruptcy
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Bird overstated shared electric scooter revenue for two years

Bird said it was overstating revenue from its shared electric scooters for 2020 and 2021. The company was improperly counting preloaded “wallet” balances as revenue after certain trips. ....

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Flightless Bird: E-Scooter Company Bird Declares Bankruptcy

Bird is certainly no longer the word, but the micromobility company promised it's going to keep operating during its ‘restructuring.’ ....

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