M&A Deal Summary

Bird Rides Acquires Spin

On September 19, 2023, Bird Rides acquired transportation company Spin from TIER Mobility for 19M USD

Acquisition Highlights
  • This is Bird Rides’ 1st transaction in the Transportation sector.
  • This is Bird Rides’ largest (disclosed) transaction.
  • This is Bird Rides’ 1st transaction in Canada.
  • This is Bird Rides’ 1st transaction in Ontario.

M&A Deal Summary
Date 2023-09-19
Target Spin
Sector Transportation
Buyer(s) Bird Rides
Sellers(s) TIER Mobility
Deal Type Divestiture
Deal Value 19M USD

Target

Spin

Vancouver, Ontario, Canada
Spin is an electric scooter-sharing company that provides customers with an alternative for first- and last-mile transportation. Spin was founded in 2017 and is based in Vancouver, Ontario.

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Buyer(S) 1

Buyer

Bird Rides

Amsterdam, Netherlands
Category Company
Founded 2017
Sector Internet Software and Services
DESCRIPTION

Bird Rides is a sustainable electric mobility company that provides cities in the EU with clean and accessible mobility. Bird Platform enables independent operators to manage their own fleet of shared e-scooters. Bird Rides was founded in 2017 and is based in Amsterdam, Netherlands.

DEAL STATS #
Overall 3 of 3
Sector (Transportation) 1 of 1
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-27 Circ

Berlin, Germany

LMTS Holding S.C.A. is a shared e-scooter company. Circ offers quality rides with custom-made light electric vehicles. Circ was established in 2018 and is based in Berlin, Germany.

Buy -

Seller(S) 1

SELLER

TIER Mobility

Berlin, Germany
Category Company
Founded 2018
Sector Internet Software and Services
DESCRIPTION

TIER Mobility is an e-scooter sharing companies with a mission to change urban mobility for good. TIER Mobility plays the leading force in the ongoing transformation of transportation, by providing a fun and conscious way of commuting while relieving cities from emissions and congestion, and putting responsible usage and safety at the centre of its business. TIER Mobility was founded in 2018 and is based in Berlin, Germany.

DEAL STATS #
Overall 1 of 2
Sector (Transportation) 1 of 1
Type (Divestiture) 1 of 2
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-02 Spin

Vancouver, Ontario, Canada

Spin is an electric scooter-sharing company that provides customers with an alternative for first- and last-mile transportation. Spin was founded in 2017 and is based in Vancouver, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-29 Nextbike

Leipzig, Germany

Nextbike provides public bike-sharing schemes on behalf of public transport authorities, cities, and public institutions. Nextbike was founded in 2004 and is based in Leipzig, Germany.

Sell -
Mergr

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