Wednesday, 7 November 2018 () 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.
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...
Sunny Madra, VP of Ford X, talked to Cheddar on Thursday about the company's acquisition of scooter start-up Spin. Madra said he expects the scooter trend, particularly the collaborative relationships..
Ford Motor Co. said Thursday it will recall nearly 1.5 million cars in North America to address a faulty part that could lead to engine stalls. The automaker said it is calling back 2012 through 2018..