Third Lane Mobility, Parent Company of Bird and Spin, Announces $20M Capital Raise to Support Deployment of 35,000 Additional Vehicles and City-Focused Leadership Expansion

Los Angeles, Jan. 22, 2026 (GLOBE NEWSWIRE) -- Third Lane Mobility, the parent company of Bird and Spin, today announced an initial $20 million capital raise from existing investors. This represents the first tranche of expected capital raises this year, via both existing investors and through third parties. 

The 2026 funding is expected to enable the acquisition of approximately 35,000 additional vehicles that will be deployed throughout Spring 2026 to enhance the company's operations in Atlanta, Los Angeles, Nashville, Baltimore, San Francisco, Seattle, Tel Aviv, Rome, and many other cities.

The investment builds on the strong performance of Bird and Spin's latest-generation vehicles deployed across major U.S. cities in 2025. Utilization rates for these vehicles, especially the bikes, far exceeded those of prior models, laying the groundwork for this next phase of fleet expansion.

"This new funding allows us to further scale a fleet that our riders ...