LOS ANGELES – Bird, a leader in environmentally friendly electric transportation, unveiled the Bird Bike, a new e-bike that you can own. A limited quantity of Bird Bikes are available to order, direct from Bird, and will be broadly available from leading U.S. retailers this fall.
Designed to meet increased demand for retail e-bikes globally, a market projected to reach $23 billion by 2023 (source: Deloitte) and that grew 157% year over year in sales in the U.S. in 2020 (source: QYResearch), the Bird Bike provides consumers with a new environmentally friendly and technologically advanced electric vehicle to reduce reliance on gas-powered vehicles. This entry into the consumer e-bike market follows Bird becoming one of the first in the industry to announce its intention to enter the public markets through a definitive agreement with Switchback II Corporation (NYSE: SWBK) and complements the company’s Q2 2021 earnings announcement which was also made today.
“The future of transportation is all-electric. By expanding Bird’s consumer and shared products to include e-bikes as well as e-scooters, we are uniquely positioned to lead the revolution to eco-friendly transportation for the billions of annual trips that are five miles or less,” said Travis VanderZanden, Founder and CEO at Bird. “With our new e-bike, we are creating increased opportunities for people to embrace micro electric vehicles beyond the 300 cities we partner with to provide our shared services today. Our e-bike is safe, durable and provides a stylish aesthetic and advanced technology that delivers a fun alternative to congestion inducing, gas-powered cars. The Bird Bike lets you enjoy the ride like never before.”
