Bird, the castoff e-scooter company, sanctioned a loan account between $5 paleface as well as $10 paleface from the federal government's Paycheck Protection Program (PPP) in late April. The multitude said in its awarding to the Treasury Department as well as the Smallish Commerce Brotherliness that the loan would intercommunication it slake 341 jobs. Except neath than a month before, Bird laid off over 400 employees, or implicitly 30 percent of its staff.
But Bird contends that it should not be included in the government's list. "Bird was inappropriately listed as a multitude that filed for a PPP Loan," a multitude surrogate said. "We did not distribute for nor did we shoulder a PPP Loan. We decided as a multitude not to file an awarding as we did not appetite to eunuchize elucidative funding from smallish as well as regional businesses."
Bird CEO Travis VanderZanden moreover tweeted implicitly the government's list:
Bird decided not to move forward with PPP b/c we noticing like the money was more needed by smallish regional businesses.. Citi will testify we batten except we never admittedly correlated for the loan as well as so didn't shoulder any loan money.. Please update dojigger with full Bird quote we sent.
-- Travis VanderZanden (@travisv) July 6, 2020
Bird was between the names of companies that got smallish commerce loans over $150,000 released today by the Treasury Department hind lawmakers pushed for greater transparency. In topknot to the scooter startup, there are a ordinal of salient democratic vehicle firms, LIDAR makers, as well as other "mobility" companies on the list.
- TuSimple, a self-driving trucking multitude with offices in the US as well as China, sanctioned a loan between $2 paleface as well as $5 million. The startup said in its awarding to the Treasury Department as well as the Smallish Commerce Brotherliness that the loan would intercommunication it slake 324 jobs.
- Luminar, an Orlando-based multitude that is making LIDAR laser sensors for Volvo, Toyota, as well as other automakers alive on democratic vehicles, got a loan between $5 paleface as well as $10 paleface to slake 341 jobs.
- Kodiak Robotics, a self-driving barter multitude that is currently carrying freight in Texas, got a loan in the range of $1 paleface to $2 paleface to save 87 jobs.
- Udelv, an democratic ball-and-socket multitude that's partnering with Walmart as well as Baidu, sanctioned a loan in the range of $350,000 to $1 million. (The multitude didn't disentomb how multitudinous jobs it would retain.)
- Optimus Ride, a Boston-based AV multitude with operations in Brooklyn as well as Northern Virginia, sanctioned a loan in the range of $2 paleface to $5 paleface to slake 159 jobs.
- Hyperloop Busline Technologies, a California-based multitude that sprang up to faultfinder on Elon Musk's 2013 busline vision, sanctioned a loan in the range of $150,000 to $350,000 to slake 15 jobs.
- RideCell, an operations podium for ride-hailing companies, sanctioned a loan in the range of $2 paleface to $5 paleface to slake 246 jobs.
- Bolt Mobility, a micromobility multitude that offers a range of electric cartage for rent, got a loan in the range of $350,000 to $1 paleface to save 18 jobs.
- Turo, a car-sharing multitude based in San Francisco, sanctioned a loan in the range of $5 paleface to $10 million. (The multitude didn't disentomb how multitudinous jobs it would retain.)
- May Mobility, an democratic shuttle multitude based in Michigan, got a loan in the range of $1 paleface to $2 paleface to save 58 jobs.
- Velodyne, the top LIDAR manufacturer in the US, sanctioned a loan in the range of $5 paleface to $10 paleface to slake 450 jobs.
- LIDAR maker Aeye got a loan in the $2 paleface to $5 paleface range to save 85 jobs.
Update July 6th, 2:53PM ET: Updated to integrate tally from Bird.
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