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A couple of years ago, no one would have guessed that scooters would be the future of city mobility. The e-scooter business grew so big Ford wanted a pie...
European micromobility operator Tier has bought Spin from Ford, marking its entrance to the North American market.
Ford Motor Company is selling its e-scooter business, Spin, to German rival Tier in exchange for equity.
Ford is selling its scooter company Spin to Tier Mobility, one of the top shared mobility operators in Europe and Asia. The all-stock deal will give Tier its first foothold in North America.
The European e-scooter market is currently the main battleground for companies playing in the micromobility space, taking advantage as they are of Europe’s relatively compact cities and the desire of populations to move to more sustainable transportation. In 2021, players like Tier, Voi and Dott continued to raise VC backing. But the war for funding […]