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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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Tweets about this

ScootersKing

Christopher King RT @TXFordDealers: Let’s go for a spin! #Ford is introducing electrical scooters in their efforts to provide micro-mobility solutions in a… 1 day ago

airmacsa

Neumaic 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

EagleCorner

Eagle Corner Let’s Go For A Spin: Ford Buys Scooter Company To Provide Customers A First-Last Mile Solution. Ford USA recently a… https://t.co/dl2etsImAT 4 days ago

TXFordDealers

TexasFord Let’s go for a spin! #Ford is introducing electrical scooters in their efforts to provide micro-mobility solutions… https://t.co/85zSxQphs7 4 days ago

scotteq

Scott Equipment FUN FACT OF THE DAY! Ford Buys Electric Scooter Company Spin #scotteq #scottequipment #ford #fordusa #scooters https://t.co/tEkTDtPVRc 5 days ago


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