micromobility

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micromobility

Shared micromobility company Bird’s board of directors has appointed Shane Torchiana as president of the company, replacing the company’s CEO and founder Travis VanderZanden. The new roles will begin effective June 29, per a regulatory filing. VanderZanden, who previously served as the …

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Bird gets a warning from the NYSE because its stock price is too low

Scooter and micromobility company Bird has to fly at a slightly higher altitude — at least if it wants to keep its New York Stock Exchange (NYSE) listing. The company issued a press release on Friday noting that it had received word from the NYSE that its share price was “not in compliance&#8…

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Superpedestrian, Voi among the latest micromobility layoffs

As layoffs tear through the startup world, the micromobility industry, which has long struggled to be profitable, is getting hit. Just a couple of weeks after Bird laid off 23% of its staff, the next round of industry layoffs is affecting Voi and Superpedestrian, according to LinkedIn posts from fo…

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Lime suspends operations in South Korea due to “chaotic scooter environment”

Shared micromobility operator Lime will temporarily shut down its operations in several South Korean cities at the end of the month. Lime attributes its withdrawal to regulatory shortfalls, like the lack of a request-for-proposal (RFP) process, which has led to a large number of operators with unco…

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The Station: Tesla leads in ADAS crashes, gig companies lose battle in MA

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Y…

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Autotalks wants bike makers to buy its V2X device for micromobility

Vehicle-to-everything (V2X) company Autotalks is selling bike and scooter manufacturers the ZooZ2, a device that aims to alert riders to possible collisions.

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Lime is trailing shared electric motorbikes

Shared micromobility giant Lime is piloting electric motorbikes in Long Beach, California. Lime has been teasing a new form factor to cater to use cases outside of scooters and bikes for a while, so it’s no surprise to see the company test out a vehicle that’s sturdy and comfortable lik…

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Bird plans to lay off 23% of staff

Shared micromobility company Bird plans to layoff 23% of its staff, according to tech layoff tracker Layoffs.fyi. The tech tracker attributes the news of the layoffs to an internal memo, but certain LinkedIn posts from former Bird employees confirm the news. We hate to say it, but we saw this comin…

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Nimbus launches tiny EV prototype that’s like a motorbike with a roof

As shared e-scooter companies have infiltrated cities and e-bike sales have soared, micromobility has been offered up as a panacea to save us all from the ill humors and packed streets caused by gas-guzzling cars. However, one of the major roadblocks in front of well-intentioned city dwellers who&#…

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Without a clear ask, your pitch deck is useless

Having a great "ask" slide can reassure investors: It shows a founder wants to raise an amount of money that unlocks the next stage of growth and knows what milestones they need to hit to get there.

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Equity crowdfunding appears immune to market volatility, on track for its best year yet

With the fundraising climate now showing cloudy skies, equity crowdfunding is getting ready for a field day.

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