Home Technology The federal government says Bird got at least a $5 million bailout...

The federal government says Bird got at least a $5 million bailout loan, but the company denies it




Chook, the beleaguered e-scooter firm, acquired a mortgage price between $5 million and $10 million from the federal authorities’s Paycheck Safety Program (PPP) in late April. The corporate mentioned in its software to the Treasury Division and the Small Enterprise Affiliation that the mortgage would assist it retain 341 jobs. However lower than a month earlier than, Chook laid off over 400 staff, or about 30 p.c of its workers.

However Chook contends that it shouldn’t be included within the authorities’s record. “Chook was erroneously listed as an organization that filed for a PPP Mortgage,” an organization spokesperson mentioned. “We didn’t apply for nor did we obtain a PPP Mortgage. We determined as an organization to not file an software as we didn’t need to divert vital funding from small and native companies.”

Chook CEO Travis VanderZanden additionally tweeted in regards to the authorities’s record:

Chook was among the many names of firms that obtained small enterprise loans over $150,000 launched at the moment by the Treasury Division after lawmakers pushed for larger transparency. Along with the scooter startup, there are a selection of outstanding autonomous car corporations, LIDAR makers, and different “mobility” firms on the record.




  • TuSimple, a self-driving trucking firm with workplaces within the US and China, acquired a mortgage between $2 million and $5 million. The startup mentioned in its software to the Treasury Division and the Small Enterprise Affiliation that the mortgage would assist it retain 324 jobs.
  • Luminar, an Orlando-based firm that’s making LIDAR laser sensors for Volvo, Toyota, and different automakers engaged on autonomous autos, obtained a mortgage between $5 million and $10 million to retain 341 jobs.
  • Kodiak Robotics, a self-driving truck firm that’s presently delivering freight in Texas, obtained a mortgage within the vary of $1 million to $2 million to avoid wasting 87 jobs.
  • Udelv, an autonomous supply firm that’s partnering with Walmart and Baidu, acquired a mortgage within the vary of $350,000 to $1 million. (The corporate didn’t disclose what number of jobs it might retain.)
  • Optimus Trip, a Boston-based AV firm with operations in Brooklyn and Northern Virginia, acquired a mortgage within the vary of $2 million to $5 million to retain 159 jobs.
  • Hyperloop Transportation Applied sciences, a California-based firm that sprang as much as ship on Elon Musk’s 2013 transportation imaginative and prescient, acquired a mortgage within the vary of $150,000 to $350,000 to retain 15 jobs.
  • RideCell, an operations platform for ride-hailing firms, acquired a mortgage within the vary of $2 million to $5 million to retain 246 jobs.
  • Bolt Mobility, a micromobility firm that provides a spread of electrical autos for lease, obtained a mortgage within the vary of $350,000 to $1 million to avoid wasting 18 jobs.
  • Turo, a car-sharing firm based mostly in San Francisco, acquired a mortgage within the vary of $5 million to $10 million. (The corporate didn’t disclose what number of jobs it might retain.)
  • Could Mobility, an autonomous shuttle firm based mostly in Michigan, obtained a mortgage within the vary of $1 million to $2 million to avoid wasting 58 jobs.
  • Velodyne, the highest LIDAR producer within the US, acquired a mortgage within the vary of $5 million to $10 million to retain 450 jobs.
  • LIDAR maker Aeye obtained a mortgage within the $2 million to $5 million vary to avoid wasting 85 jobs.

Replace July sixth, 2:53PM ET: Up to date to incorporate assertion from Chook.

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