Ford buys scooter company Spin
Ford has acquired Spin, a dockless electric scooter sharing company based in San Francisco. Spin has operations in 13 cities and campuses across the U.S.
Spin says it works with cities and universities to implement micro-mobility solutions responsibly, safely, and sustainably as they expand their operations. The company says it does not launch without permission; shares usage data with cities; and works with local officials and university campuses to design educational tools around parking and riding rules. Ford says that this approach aligns with its own values.
Ford’s mobility strategy includes the development of more hybrids and battery-electric vehicles as well as continuing development of self-driving vehicles, which it plans to launch at scale by 2021. The company also plans to develop a comprehensive set of software and services designed to better enable vehicle connectivity and use as well as new mobility experiences and multimodal transportation solutions such as this one.
Spin scooters cost $1 to rent and 15 cents per minute. Affordability, combined with ease of use and electrified power, also means scooters can help tackle challenges such as traffic congestion, parking availability, and pollution.
Ford is working closely with Spin’s team to help expand the service to more cities—the team launched the service last week in Detroit.
Click here to read the full article about the acquisition on Medium.