Bird and Spin release new electric vehicles amid pressure to catch up to Lime

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Two of the top shared electric scooter companies in the US, Bird and Spin, are releasing new vehicles today. Spin is revealing a new, more rugged electric scooter, which it is building in-house for the first time. Meanwhile, Bird is showing off a new electric bicycle with a baby blue paint scheme. Both companies are under increasing pressure to catch up to Lime, which is the number one micromobility provider in the world with over 200 million riders last year globally.

There has always been an arms race among shared scooter and bike companies to produce the best, longest-lasting, and most technically advanced electric vehicles. But with increasing pressure to become profitable and some micromobility companies choosing to go public via...

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