Micromobility company Helbiz will secure approximately $82.5 million when it is listed on the NASDAQ stock exchange through a SPAC deal expected to close in the second quarter.
The micromobility segment has arisen as an alternative transit option across major cities, and companies in the segment will need to be tactical in their approach to profitability.
Urban spaces are now seeing a trend where commuters are seeing sense in moving away from the concept of owning a vehicle for transit to picturing mobility as a service.
Bird CEO Travis VanderZanden said that for the past year, positive unit economics has been Bird’s top priority for a sustainable long-term business. This is an ideology that departs from that of many startups and emerging companies whose focus seems to be on top line growth and revenue building.
More scooters are hitting the streets, but investor sentiment is still mixed.
