FORD BUYS ELEC­TRIC SCOOTER SHAR­ING FIRM

The Day - - BUSINESS -

New York — Ford Mo­tor Co. has bought an elec­tric scooter shar­ing com­pany, ex­pand­ing its pres­ence in al­ter­na­tive modes of transportation.

The cen­tury-old au­to­mo­bile com­pany an­nounced its ac­qui­si­tion of Spin, a San Fran­cisco-based dock­less scooter shar­ing com­pany, last week.

Spin op­er­ates in 13 cities and cam­puses and al­lows rid­ers to bor­row a scooter for $1 and an ad­di­tional 15 cents per minute.

Ford says the num­ber of mo­bil­ity op­tions avail­able to peo­ple has risen dra­mat­i­cally in re­cent years, and in some sit­u­a­tions peo­ple use mul­ti­ple forms of transportation dur­ing a sin­gle trip.

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