Ford enters scooter wars with acquisiton of startup Spin

There are quite a few services offering e-scooter sharing in several markets across the United States. Some ride-hailing services have even added electric scooters to their fleet as well. This is a mode of transportation that’s clearly getting popular in the country so it comes as no surprise that Ford has now bought an e-scooter sharing startup. The company has announced its acquisition of Spin. It was rumored that Ford was interested in acquiring Spin and those rumors have turned out to be accurate. Ford has confirmed its acquisition of Spin but hasn’t disclosed the financial details of the deal.Spin operates its dockless electric scooter sharing service in 13 cities and campuses in the United States. It charges customers $1 to rent a scooter and 15 cents per minute thereafter for as long as they have the scooter in their possession.With Ford now owning the company, Spin has launched its service in Detroit as it continues to expand its scooter sharing service to 100 cities over the next 18 mon

Ford enters scooter wars with acquisiton of startup Spin

Ford Motor Co. agreed Thursday to acquire the electric scooter-sharing startup Spin, entering the fast-growing segment of last-mile urban mobility.

Thu 8 Nov 18 from Phys.org

Ford joins micro-mobility revolution by purchasing e-scooter startup Spin

The $40 million purchase means the legacy automaker has joined companies, such as Uber and Alphabet, in investing in the latest transportation trend.

Thu 8 Nov 18 from The Washington Post

Ford adds electric scooter startup to its growing mobility collection

Spin, the dockless electric scooter startup, has a new owner: Ford. The news broke yesterday, and the auto giant officially confirmed the acquisition on Thursday morning. It probably ...

Thu 8 Nov 18 from The Verge

Ford Buys An E-Scooter Sharing Company

There are quite a few services offering e-scooter sharing in several markets across the United States. Some ride-hailing services have even added electric scooters to their fleet as well. ...

Thu 8 Nov 18 from Ubergizmo

Ford buys e-scooter startup Spin, plans major service expansion - CNET

It's one of the first carmakers to invest in the scooter craze.

Thu 8 Nov 18 from CNET

Ford buys e-scooter sharing startup Spin

Turns out those rumours about Ford buying e-scooter startup Spin were true. The auto-maker has confirmed the purchase as it looks beyond car ownership to emerging modes of transport. ...

Thu 8 Nov 18 from Engadget

Ford is reportedly buying e-scooter startup Spin

Ford might not sit idly by while other transportation companies expand beyond cars. Axios sources say the Blue Oval has agreed to buy e-scooter service Spin for roughly $40 million. ...

Wed 7 Nov 18 from Engadget

Ford buys e-scooter company Spin for $40 million

Ford is buying dockless electric scooter company Spin for $40 million, according to Axios. The acquisition cost roughly what Spin was valued at after its Series A funding last year. ...

Wed 7 Nov 18 from The Verge

Ford buys electric scooter startup Spin

Ford is buying electric scooter startup Spin, Axios reports. Spin currently operates its scooters in Coral Gables, Fla., Washington, D.C., Charlotte, N.C., Durham, N.C., Lexington, Ky., Denver, ...

Wed 7 Nov 18 from TechCrunch

Bookmark

Bookmark and Share