Advertisement
ford spin scooters Twitter: Newzworthy

NEW YORK (AP) — Ford Motor Co. has bought an electric scooter sharing company, expanding its presence in alternative modes of transportation.

The century-old automobile company announced its acquisition of Spin, a San Francisco-based dockless scooter sharing company, on Wednesday.

Read More: Scooter Rider Clings to Car Hood in Extreme Road Rage Incident

Spin operates in 13 cities and campuses and allows riders to borrow a scooter for $1 and an additional 15 cents per minute.

Ford says 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.

Ride-sharing giants Uber and Lyft also have been investing in scooter sharing companies.

Ford also owns bike sharing system Ford Go Bike in the San Francisco Bay Area.

Financial terms of the Spin acquisition were not disclosed.

Read More: Crazy Video Shows Ford Mustang Get SPLIT IN HALF During Street Race

Author placeholder image About the author:
The Associated Press is an independent, not-for-profit news cooperative headquartered in New York City. Our teams in over 100 countries tell the world’s stories, from breaking news to investigative reporting. We provide content and services to help engage audiences worldwide, working with companies of all types, from broadcasters to brands.
View More Articles

Associated Press

Engaging Car News, Reviews, and Content You Need to See - alt_driver Studio

Stories You Might Like