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Ford Acquires Electric Scooter Startup Spin

Nov. 8, 2018, 3:46 PM

Ford Motor Co. said it acquired Spin, a San Francisco-based scooter-sharing company.

For Ford, the deal adds scooters to a sprawling array of future transportation services, which already include autonomous vehicles and on-demand shuttles. As for Spin, it has found a deep-pocketed acquirer after having been locked out of several key markets.

Bird and Spin scooters parked on a street corner in San Francisco.
Photographer: Justin Sullivan/Getty Images North America

“As more people consider scooters to be a viable mobility option, now’s the right time for Ford’’ to work closely with Spin, the automaker said in a statement. ``Spin is an important step towards realizing our ambitious vision for the future of urban mobility.’'

The San Francisco-based ...