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[-]  07-11-18 23:05

Ford reportedly buying Spin as big transportation companies seek new mobility toehold
Ford is acquiring scooter startup Spin, according to a report from Axios citing anonymous sources. The deal, which one source puts at around $40 million, would help Ford compete with a growing cohort of new mobility startups seeking to revolutionize how people get around. Spin was founded in San Francisco in 2016 as a dockless bike-sharing startup. It was one of the three companies to participate in Seattle’s bike-share pilot. But Spin quickly pivoted to shared, electric scooters to compet...

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