Ford now owns an electric scooter startup
Image Credit: The Verge
Ford, an auto giant, is now the owner of an electric scooter startup, Spin. The news was confirmed on Thursday that it has now acquired Spin. The start-up is barely 1 year old and is popularly known now. The giant has been buying mobility startups from last few years, like micro transit service Chariot, Ford GoBikes in San Francisco. It also backs self-driving startup Argo with $1 billion investment in 10 years.