A station-less bikeshare. Pickup and drop off anywhere. 🚲
#2 Product of the Day
March 11, 2017
4 years ago
Ford buys e-scooter company Spin for $100 million
Ford is buying dockless electric scooter company Spin for $100 million, according to Axios . It had initially been reported that the acquisition cost $40 million, which is roughly what Spin was valued at after its Series A funding last year. Reuters reports that Ford has committed to making a $200 million investment in the startup.
Would you recommend this product?
Founder, Product Hunt
I've seen other bikesharing services which all require you to pickup and return your bike at specific stations. Spin just
launched in Austin
for SXSW (good timing 👍🏼).
Taha Maddam, CFA
Well yes, but their tagline "bike sharing, reinvented" is not true. They are simply copying the successful bike sharing model of Chinese companies like Mobike, Offo and alike.
! Hey everyone, I'm Derrick, one of the co-founders of Spin. We're solving the last mile transportation problem (
), and station-less bikeshare is our first stab at it! Happy to answer any questions you have here 🙌
Where the bikes at in ATX?
CEO, Process Street, AngelPad Alum
I'm currently traveling in china and they have these everywhere it's a pretty awesome system. Their first iteration was the ones that need to be returned to the rack and these are their V2. In Ningbo there are already 2 competing companies. And or course they use WeChat to pay for them :)
Assitant Product Owner at Viadeo
I am currently in Guangzhou, and in the town I have see three different company : Ofo, Bluegogo and Mobike.
Huckleberry @ Lyft
Code 👨💻, coffee ☕️, and travel ✈️.
Looking forward to trying this out in SF. I use Bay Area Bike Share all the time but sometimes having to leave it at the closest station near my destination is an inconvenience.