Bikes and scooters exploded in recent years, and not just literally.
The industry went from virtually nonexistent in 2010, to being the topic of Fortune 500 acquisitions, a major focus of high-profile IPOs, and have ingrained themselves into the fabric of cities big and small.
Spin, one of the smaller scooter players when it was bought by Ford for $100 million 2018, has now solidified its spot among rivals Bird and Lime as one of the top providers.
In the 18 months since, it’s beat out well-heeled competitors for lucrative contracts in Washington, DC, and San Francisco, bringing its total to 70 markets, including many universities.
There’s a long way to go before the business proves itself, but Euwyn Poon, president and cofounder of Spin, the scooter company Ford acquired for $100 million in 2018, has a plan for success.
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