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Ford buys e-scooter company Spin for $40 million

The Verge Wednesday, 7 November 2018 ()
Ford buys e-scooter company Spin for $40 millionFord 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.

The deal isn’t the first time Ford’s entered the e-scooter market; the company started conducting a test run of scooter rentals at Purdue University under the name “Jelly” last month. Ford has also been exploring new mobility solutions since it acquired San Francisco-based shuttle service Chariot in 2016, and it’s been running a docked bicycle-sharing program in the Bay Area called Ford GoBikes since 2013. Ironically, Motivate, the bike-sharing company Ford partnered with to launch GoBikes, has since been acquired by Lyft, which is also getting into the...
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News video: Ford Buys Electric Scooter-Sharing Company Spin

▶ Ford Buys Electric Scooter-Sharing Company Spin 00:54

Multiple outlets report the deal was anywhere between $40 million and $100 million.

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aBarba

Anthony Barba 🎃 The headline of the week goes Jalopnik: "Ford, Trying Anything at This Point, Buys a #Scooter Company" Axios ...… https://t.co/hpS7r6hEO9 21 minutes ago

jreichard_SAP

John Reichard Let’s Go for a Spin: Ford Buys Scooter Company to Provide Customers a First-Last Mile Solution @SAP_Automotive https://t.co/qD6HxrWgWo 2 hours ago

GTNewsNetwork

Toronto News Network Ford buys electric scooter sharing company Spin... https://t.co/uIUsn2z81Q 22 hours ago

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health news Trending FOX BUSINESS News: Ford buys electric-scooter startup Ford buys electric-scooter startup Spin President… https://t.co/9qdpHFnY8x 1 day ago

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Bowker Ford Lincoln RT @Ford: Watch out, world. We’re putting a new spin on transportation as part of our latest efforts to provide #mobility solutions for all… 1 day ago

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