Bird has acquired Mahindra-backed electric scooter rental service Scoot, reportedly for about $25m in cash and stock.

Scoot, the US-based electric vehicle rental service backed by automotive conglomerate Mahindra Group’s corporate venturing division, Mahindra Partners, has been acquired by peer Bird for an undisclosed sum. The amount Bird paid was not disclosed, but people familiar with the matter told the Wall Street Journal the deal consisted of about $25m in cash and…

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