Ford adds electric scooter startup to its growing mobility collection
Spin, the dockless electric scooter startup, has a new owner: Ford. The news broke yesterday, and the auto giant officially confirmed the acquisition on Thursday morning. It probably won’t come as a big shock to those watching this fast-growing space. E-scooter startups that are barely a year old have spread like wildfire across the globe and seen their valuations skyrocket. It was only a matter of time until a company like Ford, which has funneled revenue from SUV and truck sales into a variety of mobility projects over the years, would eventually buy some scooters.