| Founded | 2016 |
|---|---|
| Closed | 2023 |
| Country | USA |
| Sector | Mobility |
| Collapse type | Slow Death |
| Founder | Euwyn Poon, Derrick Ko |
Spin
"Ford's $100M scooter bet folded after five unprofitable years."
Years-long decline before final shutdown
Key Events Timeline
Ford Motor Company acquired Spin in 2018 for ~$100M but struggled to make the micromobility unit profitable.
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