Bird, the once-popular electric scooter application, filed for Chapter 11 bankruptcy in a Florida court on Wednesday.
According to the company, the bankruptcy filing will allow Bird to sell off its assets over the next 90 to 120 days.
While the eco-efficient scooters were once a hit with consumers, limited access to customers during the COVID-19 pandemic caused the company to struggle.
Bird was previously valued at $2.5 billion during the peak of its popularity.
