Core Insights - Bird Canada has launched its new Bird Dash e-scooter and Bird Explorer e-bike in Calgary, marking the city's first rollout of this advanced fleet [1][3] - The new vehicles are designed to enhance micromobility options, providing a sustainable alternative to short car trips for Calgarians [3][6] Fleet Highlights - The new fleet features lightweight designs, advanced safety technology, and is accessible for riders of all sizes, ages, and experience levels [2][9] - Key safety enhancements include upgraded braking systems, improved stability, and enhanced lighting [9] - The vehicles are equipped with modern technology such as phone chargers, signal lights, and software upgrades for better ride safety and affordability [9] Community Engagement - Bird Canada will showcase its new vehicles at the Hub & Spokes Tour in partnership with The Calgary Climate Hub and The City of Calgary, offering test rides and free helmets [5] - The company aims to improve mobility, reduce traffic congestion, and support connected communities in Calgary [6][7] Company Overview - Bird is a global leader in the micromobility industry, operating in over 200 cities worldwide and focusing on sustainable transportation solutions [7]

Funding and Valuation - Also Inc., a micromobility startup spun out of Rivian, has raised $200 million from Greenoaks Capital, bringing its post-money valuation to $1 billion [1] - Earlier in the year, Also raised $105 million from Eclipse Ventures when it was separated from Rivian [1] Company Background and Plans - Also originated as a skunkworks team within Rivian in 2022, known as Project Inder, focusing on developing an e-bike [2] - The team collaborated with Apple designer Jony Ive's firm, LoveFrom, for the project [2] - Now an independent company, Also aims to produce micro-EVs of various types and plans to unveil its first designs later this year [2]

Investment Rating - The global micromobility market is projected to reach approximately $340 billion by 2030, indicating a strong growth trajectory [4][21]. Core Insights - Micromobility encompasses lightweight vehicles such as bicycles, e-bikes, e-scooters, and electric mopeds, providing sustainable urban transportation alternatives [3][4]. - The market is experiencing rapid growth, with significant increases expected in regions like Europe, South Asia, and Greater China [4][11]. - A notable trend is the increasing consumer willingness to replace private vehicles with micromobility options, with 46% of global respondents open to this shift [10]. Market Overview - The global micromobility market was valued at approximately $160 billion in 2022 and is expected to grow to $340 billion by 2030 [4]. - Specific regional forecasts include Europe reaching $140 billion, South Asia at $45 billion, and Greater China doubling to $80 billion by 2030 [4]. - North America is also projected to grow from $20 billion in 2022 to $35 billion [4]. Challenges and Opportunities - Organizations in the micromobility sector face challenges such as adapting to local transportation habits, managing diverse fleets, and ensuring adequate infrastructure [21][23]. - Successful strategies include conducting detailed market research, leveraging data analytics for fleet management, and forming public-private partnerships for infrastructure development [23]. Consumer Sentiment - In regions with established micromobility solutions, such as Italy and China, around 70% of respondents express a willingness to use these vehicles [19]. - Bicycles remain the most popular mode of micromobility due to their accessibility and cost-effectiveness [19].