On-demand scooter startup Bird, has authorized a new $200 million round of funding that could value the startup at around $1 billion post-money, according to a certificate of incorporation filed in Delaware.
These documents indicate that the company has authorized the sale of those shares, though it may not fully fill out the round. The certificate of incorporation document was provided by Lagniappe Labs, creator of the Prime Unicorn Index.
Bird is seeking to sell 31.5 million new shares in its financing round at a value of $6.15 per share, which if fully sold could net the startup as much as $200 million in this round. This round would value the company at just over $1 billion, a new financing round that follows up a $100 million round announced in March.
Scooters are a hot market right now even if they are facing a lot of friction when it comes to dealing with leaving their scooters everywhere around cities and public safety.
A number of cities such as San Francisco have recently imposed restrictions on electric scooter operators in a bid to address concerns over pedestrian safety.