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The Company That Will Take Bird Public

The Company That Will Take Bird Public

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Bird Rides, the Santa-Monica e-scooter company that saw ridership plunge during the pandemic, is planning to go public through a so-called blank-check company, dot.LA Senior Finance Reporter Ben Bergman has learned

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Bird is preparing to merge with Switchback II Corporation, a Dallas-based blank check company focusing on companies reducing carbon emissions, according to documents reviewed by dot.LA. Bird will receive hundreds of million in cash through the deal, which it can use to fund its operations as it struggles to achieve profitability, which it expects to do in 2023.

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As Southern California emerges from the COVID-19 pandemic, new job opportunities in advanced industries — including mobility and transportation — are on the way. dot.LA is partnering with CoMotion to host "Motivate SOCAL," a half-day virtual event, set for May 19, 2021. Register here.