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Ford buys electric scooter-sharing company Spin; micro-mobility

Ford Smart Mobility, LLC has acquired Spin, a San Francisco-based electric scooter-sharing company that provides customers an alternative for first- and last-mile transportation. Using a Spin electric scooter costs $1 to rent and 15 cents per minute.

A dockless electric scooter-sharing company based in San Francisco. Spin is a leading micro-mobility service provider, with operations in 13 cities and campuses across the US.

Earlier this year, Ford created Ford X, a division within Ford Smart Mobility, LLC that aims to quickly build, acquire and pilot new transportation products and services. One example is a recent micro-mobility academic research project with Purdue University that launched Jelly scooters.

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