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TIER Mobility announces acquisition of Spin

Posted: 3 March 2022 | | No comments yet

With its acquisition of Spin, TIER expands its global footprint to more than 520 cities and communities in 21 countries and its fleet to 300,000 vehicles.

TIER Mobility announces acquisition of Spin

Credit: TIER Mobility

TIER Mobility, the European shared micro-mobility provider, has announced its acquisition of Ford-owned shared electric bike and scooter operator, Spin, marking TIER’s entry into North America.

Following the recent acquisition of European bike-share player nextbike, TIER is already operating in over 410 cities with a fleet of 250,000 vehicles. With the purchase of Spin and its 50,000 vehicles, TIER expands its global footprint to more than 520 cities and communities in 21 countries and its fleet to 300,000 vehicles. This makes TIER the largest multimodal micro-mobility operator globally. 

Spin has strong city partnerships in North America; a history of city-focused innovation, like sidewalk riding detection technology; and groundbreaking approaches to building successful charging infrastructure. TIER has industry-leading safety features, the highest sustainability standards and trailblazing innovations, such as the proprietary TIER Energy Network and swappable battery technology. Overall, this acquisition brings together two international players to become the most responsible and sustainable micro-mobility partner for cities in the world.

The two companies are committed to being the best possible partner for cities while building the safest, most equitable and most sustainable mobility solution for people. Together, TIER and Spin will continue to pioneer the development of new standards and to build trust in e-scooters and e-bikes among communities and cities by enabling technology that creates a safer experience for riders, pedestrians and all other road users on both sides of the Atlantic. Investing in and modernising the Spin fleet with 100 per cent swappable batteries will be one of many upcoming projects to achieve environmental sustainability and efficiency in the North American micro-mobility industry.

Lawrence Leuschner, CEO and co-founder of TIER Mobility, said: “TIER’s acquisition of Spin and our entry into the North American market are huge milestones in our mission to ‘Change Mobility for Good’. We are excited to support citizens in cities and communities across North America to make the switch from cars to more sustainable urban mobility solutions – a switch that is urgently needed to decarbonise towns and cities across the world. We look forward to delivering this together with Spin, who share our values of responsible partnership and sustainable vision.”

Ben Bear, CEO of Spin, said: “TIER and Spin share the same foundational view of how to deliver world-class micro-mobility services to cities and riders. Both companies believe in a partnership-first approach, operating with employees rather than contractors, and helping to get people out of cars by offering sustainable, equitable and safe micro-mobility services. We couldn’t be more excited to continue scaling the Spin movement in North America as part of the TIER family. Together, we will be the number one choice of cities and riders globally.”