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Spin Reveals Aggressive Scaling Plan With Next-Gen Scooter

The dockless scooter firm purchased by Ford Motor Company in 2018, Spin, declared this week that it will deploy 15,000 scooters beginning in August in 8 cities. The firm also launched its newest model of electric bikes, with custom components meant to prevent damage and anti-theft tech.

Spin has been extending since it was purchased in November 2018 by Ford, but this week’s news marks a quicker phase of development. At the time of its purchase, the San Francisco-located firm controlled rentable electric bikes on 5 college campuses and in 9 cities. Now, that number has increased to 47 campuses and cities.

Beginning in August, Spin aims to launch thousands of new bikes on the roads of Los Angeles; Portland; Washington, DC; Denver; Memphis; Kansas City; and Minneapolis, with additional cities to come. The new scooter is manufactured by Segway-Ninebot in China.

While much smaller versus its competitors in dockless bike sharing such as Lime and Bird, Spin has Ford as a parent firm, which possible offers it a much huge advantage to expand its business without being too much concerned about making a profit.

The dockless bike market has hit many challenges in that last year, comprising issues such as injured riders, vandalism, and a product that was damaged too swiftly for the firms to recoup their prices. Bird, which supposedly lost $100 Million in 3 Months, is looking for new funding at a capitalization of $2.5 Billion.

On a related note, what was once speculated was made official earlier: Ford will be using electric car platform by VW, dubbed as MEB, for some of its personal battery-based cars. The declarations builds on the “worldwide association” that the duo announced earlier in January. Ford claims it will employ VW’s MEB to develop “minimum one fully electric high-volume car” in Europe by 2023.

Nicholas Vesey
Content Writer At Pharma Industry Reports

Nicholas, who is a writer by passion as well as a reader, holds a degree in Computer Network Architects. He has initially been working as a freelancer and now has joined us as a full-time content writer. He has been a hard-working and consistent member of our team. Nicholas is given the responsibility to write blogs, reports, and articles pertaining to the world of technology. These reports and articles include trending and latest news entailing about new updates & rollouts, reviews, remarks, new device & gadget, launches, technological inventions & innovations, events, and so on.

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