December 12, 2018

Ford Buys Scooter Company to Provide Customers a First-Last Mile Solution

Ford Smart Mobility has acquires Spin, a San Francisco-based electric scooter-sharing company that provides customers an alternative for first- and last-mile transportation
Ford Smart Mobility has acquires Spin, a San Francisco-based electric scooter-sharing company that provides customers an alternative for first- and last-mile transportation

Ford, through its Smart Mobility unit, has acquired Spin, a dockless electric scooter-sharing company based in San Francisco that provides customers an alternative for first- and last-mile transportation. Spin has operations in 13 cities and university campuses across the U.S.

The number of mobility options available to people has risen dramatically in recent years and in some situations, people use multiple forms of transportation during a single trip. Ford says the acquisition of Spin is designed to accelerate its efforts to provide micro-mobility solutions. Ford aims to quickly build, acquire and pilot new transportation and services.

Ford says that scooters allow cities to offer an equitable last mile solution to their residents thanks to the relative affordability. Combined with ease of use and electrified power, scooters can also help reduce urban traffic congestion, parking limitations and pollution.