Saturday , November 28 2020

Ford Motor entered the electric scooter market / News / Finance.ua



With the purchase of the Spin electric scooter rental service, the Ford Motor Company is entering the fast-growing micro-mobility market.

As the head of Ford X., Ford Motor's new mobile solutions division, Sunny Madra, the business associated with electric scooters, told the Financial Times that s everywhere is developing in an extraordinary way, olan and bölüm the product's market availability was quite evident.

See also: Ford pulls one and a half million cars back due to engine problems

According to him, the goal of the Ford Motor is to launch an electric scooter rental service in more than 100 cities over the next year and a half.

Ford Motor did not explain the value of the transaction, but quoted from the reported sources that the online portal, Axios, is close to $ 100 million.

Spin electric scooter rental service was founded in 2016 in San Francisco. Now the company operates in 9 major cities and 5 campus territories. United States of America, services have been used more than 1 million times. At the end of last year's round of financing, Spin is estimated at $ 40 million, and the closest competitors include Bird and Lime companies.

Ford Motor does not intend to change the Spin name or place its brand on electric scooters after purchase, but it is ready for sonra significant investments tan in expanding the infrastructure for charging and repairing scooters as well as expanding its mobile fleet.


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