Not sure is this is a good announcement. So the deal is subject to Bird Groups evaluation and approval of the bikes, therefore the deal is not over the line yet.
if the deal goes forward, then its only worth $1380 revenue per bike!? Where is the margin!? Vmto probaboly isnt even breaking even. Crazy.
What am I missing in this story!?
Ann: MOU signed with Bird Group of India, page-21
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