October 3, 2019 / 6:41 PM / 20 days ago

Scooter startup Bird raises $275 million in latest funding round

(Reuters) - Scooter company Bird has raised $275 million in a funding round led by CDPQ and Sequoia Capital, it said on Thursday, in a deal valuing the firm at $2.5 billion before the investment.

Santa Monica, California-based Bird is an electric scooter service providing dockless scooters that users can locate and unlock through a smartphone app.

Reporting by Jane Lanhee Lee in San Francisco and Neha Malara in Bengaluru; Editing by Shailesh Kuber

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