Ford sells electric scooter unit Spin to Berlin’s Tier
Image: Spin Ford is selling its electric scooter operation Spin to one of Europe's top shared mobility companies. Tier Mobility will take over all of Spin's operations, marking the first time the Berlin-based scooter company will have a foothold in North America. The companies declined to disclose the sale price, though the CEO of Tier said it was an all-stock deal.
Spin first launched in March 2017 in Seattle after working with the city to create a policy framework for regulating dockless bikes. The founder, Euwyn Poon, was inspired to create a dockless bike company after visiting Beijing and seeing the growing interest in micromobility services in that city. The company soon pivoted to electric scooters after Bird's success in Southern California....