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Third Lane Mobility Achieves Milestone: $204 Million in Gross Bookings, Attains First

Operating the Bird and Spin Micromobility Brands, the Company Expands Global Footprint with 15 New Market Launches in the First Half of 2025, Eight Secured Through Competitive RFP Process | Gross Bookings $204, Increase of 17% Adjusted EBITDA $19.2M, Improvement of 193% TORONTO, ON, Feb. 20, 2025 (GLOBE NEWSWIRE) — Third Lane Mobility, the largest […]



Third Lane Mobility, operating under Bird and Spin, achieved a milestone with $204 million in gross bookings and $19.2 million in Adjusted EBITDA profitability, marking its first profitable year. The company secured up to $45 million in financing to expand its 2025 operations, including launching in 15 new markets (eight through competitive RFPs) and acquiring 45,000 advanced electric scooters and bicycles. Third Lane Mobility emphasizes sustainability, collaborating with municipalities to promote eco-friendly urban mobility and reduce carbon footprints.

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