Bird leaves Germany

The start-up is withdrawing from Germany, Sweden and Norway. With this step, the company wants to accelerate its path to profitability.

E-scooter provider Bird is withdrawing from Germany. According to the start-up, the reason for this is an oversupply of vehicles, crowded roads and a high but frequently changing number of competitors. The largest e-scooter providers besides Bird in Germany are Tier, Circ, Lime, Voi and Jump. However, the company would have faced not only competition, but also regulatory obstacles.

Bird had already laid off a quarter of its employees in June of this year. With this step, Bird possibly wanted to accelerate its path to profitability. According to T3N the New York Stock Exchange had threatened Bird with delisting if the company did not manage to raise its stock price to at least one US dollar.

In addition to Germany, the company is also leaving Sweden and Norway. "This difficult decision will unfortunately impact some of our employees and contractors in Europe, as well as supporting teams in the U.S.," Bird writes. The company did not disclose what specifically will happen to employees at the affected locations.