Ford entered the scooter's war with the acquisiton boot spin


Ford enters a hot e-scooter market to buy a California boot spin

Ford Motor Co. Agreed on Wednesday to acquire electric scooter sharing startup spin, entering a rapidly growing segment of the last mile of urban mobility.


"Spin's acquisition in the mobile space is Ford's latest strategic step, as the company sets up a mobile portfolio to help the user more easily and quickly save," said Forward.

The purchase price was not disclosed, but according to news reports, the deal was between 80 million dollars and $ 100 million.

The California-based launch said on Twitter: "We are delighted that Spin will join the @ Ford team! Next year, we are going to start close cooperation with cities, transport planners, lawyers, community and work groups at 100+ markets."

Ford's step strengthens a new sector that includes Uber, Lyft and others in dozens of cities allowing Smartphone users to lose their scooters and leave them anywhere they do not need a dock.

Two anti-scooters are offered to reduce motor traffic, supporters say, but criticized for creating a critical and potential road threat. The scooter's splendor is rare in high-risk cases, some fatal.

Spin said in a statement hoping to address the concerns of new types of transport.

"In the cities where we act, we plan to provide security and parking, as well as to provide rich data for strengthening awareness and sustainability initiatives," said founders.

"We will continue our local position, we will continue our high quality operating teams to ensure that our scooters are well protected and integrating small businesses, city establishments and transit infrastructure".


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