Tier speeds up its global micromobility dominance with latest acquisition
European micromobility operator Tier has bought Spin from Ford, marking its entrance to the North American market.
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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 purchase of Spin from Ford gives Tier a global footprint of more than 520 cities, making it the largest shared operator in the world.
Swing, a South Korean electric scooter and micromobility startup, announced today it has raised $24 million in a Series B round to spur its growth and expansion to Japan. The funding was led by White Star Capital, which also invested in Berlin-based Tier Mobility, and included existing backer Hashed, among others. With the fresh capital, […]