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Spin is a San Francisco based scooter sharing start-up which is one of the companies that has made scooters popular on the streets of USA. The company is planning to expand operations in 60 markets and therefore needed a deep-pocketed acquitter. "Spin is an important step towards realizing our ambitious vision for the future of urban mobility. As more people consider scooters to be a viable mobility option, now is the right time for Ford to work closely with Spin," the US automaker said in a statement.

Ford Acquires San Francisco Based Electric Scooter Company Spin

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