LOS ANGELES, Aug. 19, 2021 /PRNewswire/ -- Bird, a leader in
environmentally friendly electric transportation, today unveiled
the Bird Bike, a new e-bike that you can own. A limited quantity of
Bird Bikes are available to order today, 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."
About the Bird Bike
As part of its mission to enable access to eco-friendly mobility
options for all, Bird's consumer e-bike is custom designed by
Bird's in-house team of award winning engineers and industrial
designers who brought to market the Bird Three, the industry's most
eco-conscious shared e-scooter. Bird Bike's features designed to
bring fun, safety and reliability include:
- Thumb throttle, inspired by e-scooter throttles, helps
tackle inclines with ease
- Integrated LCD panel displays speed, distance and
battery capacity
- Bafang rear hub motor makes commuting an effortless
breeze
- 36v / 12.8Ah battery, powered by LG cells, delivers up
to 50 miles of electric range
- Gates Carbon Belt Drive simplifies maintenance and
extends vehicle longevity
- Commercial-grade aluminum alloy frame provides increased
durability for urban environments
- Kenda puncture-resistant tires minimize the likelihood
of a flat
- Integrated, high-visibility LED Lights ensure 180°
visibility any time of day or night
- Pedal assist speed of 20 mph for efficient trips
- Safety certified and IP65+ water resistant battery
increases security and safety
- Fully adjustable seat height safely accommodates riders
of different heights
- Radius CX7 mechanical disc braking assures stopping
power
- Bluetooth connectivity with the Bird app helps Bird Bike
owners easily turn on and off vehicle lights, view battery range
and miles ridden
Pricing and Availability
Limited quantities of the Stealth Black and Gravity Gray Bird
Bike are available now - from
shop.bird.co/products/e-bikes-a-frame-stealth-black for MSRP
$2,299. The step-through (V-Frame)
Bird Bike, as well as the step over (A-Frame) Bird Bike, are
expected to be broadly available this fall from leading retailers
in the U.S. and in Europe later
this year. For additional information about Bird's new e-bike
visit: bike.bird.co.
Q2 Fiscal 2021 Earnings Webcast
Separately this morning, Bird announced its financial results
for the second quarter ended June 30,
2021 and recent operational accomplishments. A conference
call to discuss these financial results and operational updates
will be available today, August 19,
2021 at 9am Eastern time.
Interested parties may listen to the prepared remarks via telephone
by dialing (855) 327-6837 or (631) 891-4304 if calling
internationally. Please reference Conference ID 10016077 when
prompted. A live audio webcast of the conference call will be
available at Bird's Investor Relations Page at
bird.co/investor.
About Bird:
Bird is an electric vehicle company dedicated to bringing
affordable, environmentally friendly transportation solutions such
as e-scooters and e-bikes to communities across the world. Founded
in 2017 by transportation pioneer Travis
VanderZanden, Bird is rapidly expanding. Today, it provides
fleets of shared micro electric vehicles to riders in more than 300
cities globally and makes its products available for purchase at
www.bird.co and via leading retailers and distribution partners.
Bird partners closely with the cities in which it operates to
provide a reliable and affordable transportation option for people
who live and work there.
About Switchback II Corporation:
Switchback II Corporation was formed for the purpose of
effecting a merger, amalgamation, share exchange, asset
acquisition, share purchase, reorganization or similar business
combination with one or more businesses or entities. Switchback
focused its search for a target business in the broad energy
transition or sustainability arena targeting industries that
require innovative solutions to decarbonize in order to meet
critical emission reduction objectives.
Media Contact
Jed Hamilton
BirdPR@icrinc.com
Investor Contact
Caitlin
Churchill
BirdIR@icrinc.com
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SOURCE Switchback II Corporation