Bird scooters in Tel Aviv.
At first it was considered good news, then the injuries started (Photo: Ami Suissa)
Four years after landing in Tel Aviv and ushering in the era of electric scooters for rent, will Bird stop its activities in Israel?
Bird Global informed the American Securities and Exchange Commission that the company's audit committee discovered irregularities in its financial reports, according to which it also reported in the last two years trips for which it did not receive full payment as income it had accumulated.
Bird, which was issued on the NASDAQ before following a merger with American SPAC at a value of 2.3 billion dollars, announced that it is re-examining its financial situation, and that it may be forced to declare bankruptcy, or to close some of its activities.
This is despite the fact that in the third quarter of this year the company recorded A 19% increase in its revenues, to 72.9 million dollars, and a dramatic decrease in its losses, from 42.1 million dollars in the corresponding quarter last year, to 9.8 million dollars this year.
Already last month Bird announced the closure of its activities in Germany, Sweden, Norway and several cities in the USA due to losses. The Israeli branch, on the other hand, is considered one of its most profitable, with a high number of daily rentals for each vessel. The company operates in Tel Aviv, Ramat Gan, Givatayim, Rishon Lezion, Ashdod, Holon, Bat Yam, Eilat, and should soon launch operations in Ramat Hasharon. Bird has 5,000 electric scooters for rent in Israel, of which 1,800 are in Tel Aviv.
"We were very surprised by the announcement of the global company, but we continue to operate as usual," he said Lavala has a source in the Israeli branch. "As long as Bird continues to operate, it is unlikely that it will leave Israel, which is considered one of its most profitable markets."
Israelis warmly embraced the rental scooters, mainly as a replacement for the stuttering public transportation in Gush Dan. But as the number of vehicles and riders increased, the number of casualties soared. In the accidents of the small electric tools, both among the riders and among the pedestrians who were injured by them.
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