TIER Mobility to acquire Spin from Ford.

TIER Mobility, a shared micromobility provider, agreed to acquire Spin, a shared electric bike and scooter operator, from Ford, an American multinational automobile manufacturer. Financial terms were not disclosed. "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 decarbonize 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," Lawrence Leuschner, TIER Mobility CEO.