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.

Ford has been collecting mobility startups over the years

Ford has been collecting mobility startups over the years, like microtransit service Chariot, Ford GoBikes in San…

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