Third Lane Mobility, the parent company of micromobility operators Bird and Spin, has announced an initial $20m capital raise from existing investors.

The money will be used to acquire around 35,000 more vehicles that will be deployed in spring 2026 to enhance the company’s operations in Atlanta, Los Angeles, Nashville, Baltimore, San Francisco, Seattle, Tel Aviv, Rome and other cities.

This represents the first tranche of expected capital raises this year, via both existing investors and through third parties.

The investment builds on the strong performance of Bird and Spin’s latest vehicles deployed across major US cities in 2025. Use 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 have embraced, and that supports the transportation goals our city partners care about most,” said Stewart Lyons, CEO of Bird. “We are particularly excited about what we’ve seen from our new seated form factors, and really view that as the key growth lever for the company moving forward.”

Third Lane Mobility also announced the formation of a transportation advisory board comprising independent experts and city transportation leaders. Gabe Klein will serve as chair and lead recruitment of additional members. The board will focus on practical guidance to help cities and operators deliver safer, more accessible and better-managed shared micromobility programmes as the category becomes a core part of urban transportation networks.

“As the industry has matured and cities have truly embraced shared micromobility as a central link in public transportation networks, we have a huge responsibility and opportunity to get this next phase of the industry right,” said Klein. “I’m thrilled to be working with the leadership team as an adviser and liaison to cities globally.”

Klein is a transportation and sustainability expert who served as transportation commissioner in Washington DC and Chicago. More recently, he served as the executive director of the Federal Joint Office of Energy & Transportation, and is co-founder of Cityfi and Adapt/Impact.

Third Lane Mobility (thirdlane.co) is the parent company of Bird (www.bird.co) and Spin (www.spin.app), two of the most established shared micromobility brands, operating e-scooter and e-bike programmes in more than 200 cities worldwide.