Ford Is Said to Weigh Exit of Electric-Scooter Unit Spin Leave a comment

Ford Motor Co. is considering divesting its electric scooter-sharing service Spin, according to people familiar with the matter.

The company is working with an adviser to examine strategic options including a sale or spinoff of the unit, said the people, who asked not to be identified because they weren’t authorized to speak publicly. It could also look to merge the unit with a special purpose acquisition company, the people added.

Ford acquired Spin in 2018. The company operates dockless electric scooters on campuses and cities in North America and Europe, according to its website.

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