ISSUE – Apr. 24 | Even with a $400M valuation, scooter startup Bird faces an uphill battle

Bird, a startup launched by a former Lyft and Uber exec, has raised $118 million in venture capital funding, and it’s not even a year old yet. Per a PitchBook estimate, the company, which provides dockless electric scooters users can rent with an app, has a valuation of $400 million, though Bird would not confirm that figure or disclose an alternative valuation. [ PitchBook ]

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