html

Third Lane Mobility: A New Chapter for Bird & Spin

Bird, the leading micromobility company, has successfully emerged from Chapter 11 proceedings as a stronger company under a newly organized private parent company called Third Lane Mobility Inc.

• The transaction involved the sale of Bird's assets to Third Lane Mobility, encompassing both the Bird and Spin brands.
• This move signifies a new chapter for the company, with a strengthened balance sheet, reduced operating expenses, and a right-sized capital structure.

Focus on Sustainable Growth

Third Lane Mobility is committed to long-term, sustainable growth, focusing on expanding its operations across North America, Europe, the Middle East, and Asia.

• Bird and Spin continue to operate in and serve cities worldwide, offering an alternative, eco-friendly mode of transportation.
• The company has already secured multiple new competitive bids and launched services in several new cities, including Corpus Christi, Texas; Greensboro, North Carolina; the University of Illinois; Surrey and Mississauga, Canada; Naples and Torino, Italy; as well as competitive renewals of service in Gap, France, and Zaragoza, Spain.

Investing in Technology and Innovation

Third Lane Mobility is dedicated to providing innovative and technologically advanced e-bikes and electric scooters.

• The company is investing in new models featuring swappable lithium-ion batteries, a front and rear braking system, and an anti-tip kickstand, among other features.
• This commitment to innovation is crucial for Third Lane Mobility's continued success in the micromobility market.

Third Lane Mobility: A Leader in Micromobility

Third Lane Mobility, through its subsidiaries Bird and Spin, is the largest micromobility operator in North America.

• The company provides affordable, environmentally friendly transportation solutions, including e-bikes and electric scooters, to communities around the world.
• Third Lane Mobility is dedicated to promoting sustainable transportation by reducing carbon emissions and creating a more sustainable future.

The Impact of e-bikes

Third Lane Mobility's commitment to e-bikes and electric scooters has a significant impact on the environment and transportation landscape.

• In the last year alone, Bird and Spin riders traveled over 51 million miles globally, which equates to circling the earth more than 2,050 times and tens of millions of motor vehicle trips not taken.
• This has helped prevent 10,191 metric tons of CO2 emissions, contributing to a cleaner and healthier planet.

Community Partnerships

Third Lane Mobility takes a collaborative, community-first approach to micromobility.

• The company partners closely with cities to provide a reliable and affordable transportation option for residents and visitors.
• This approach ensures that Third Lane Mobility's e-bikes and electric scooters are integrated seamlessly into urban environments and contribute to a more sustainable future.

Looking Ahead: Growth and Innovation

Third Lane Mobility is poised for continued growth and innovation in the micromobility market.

• The company's focus on sustainable transportation, technological advancements, and community partnerships positions it as a leader in the industry.
• With its strengthened financial position and commitment to innovation, Third Lane Mobility is well-positioned to continue expanding its operations and delivering affordable, environmentally friendly transportation solutions to communities around the world.