Ford Acquires Spin Scooter Service for Last-Mile Mobilty
Ford is just out here buying up anything and everything that’ll help it with its goal of becoming a world-renowned mobility company. The automaker this month confirmed its purchase of Spin, a San Francisco-based dockless electric scooter company that already has a fairly significant presence in the Bay City and beyond. Spin currently operates in 13 cities and campuses across the United States, providing last-mile transportation at affordable prices.
Shopping for a New Ford? Check out its national incentives and offers
In the announcement, published on Medium, Ford X Vice President Sunny Madra writes that the company sees Spin as an exciting addition to its ever-expanding mobility portfolio, and one that ties directly to its ambitions to create smarter and more connected transportation solutions.
“Ford is focused on delivering great products and services across the mobility spectrum, seeking to enhance the freedom of movement by building smart vehicles for a smart, connected world,” writes Madra. “This means continuing to develop world-class vehicles, including more hybrids and battery-electric vehicles. It also means continuing development of self-driving vehicles, which we plan to launch at scale by 2021.”
Spin’s Euwyn Poon, Derrick Ko, and Zaizhuang Cheng, in a blog announcing the company’s sale, confirmed that Spin will maintain as a standalone business unit under Ford. The acquisition enables the company to dramatically expand its team to include more engineers and designers as well as urban planners and legal experts. This will, in turn, allow Spin to bring its services to hundreds of markets of all sizes over the next several years and improve its services in its current existing markets.
Need a Quick Quote? Black Cook’s Credit Score Estimator tool can help