Announced
Completed
Financials
Sources
Tags
Acquisition
Domestic
Majority
mobility solutions
Transportation Services
electric bikes
United States
Friendly
Private
Completed
Single Bidder
Synopsis
Bird, an electric vehicle company, completed the acquisition of Spin, a shared electric bike and scooter operator, from TIER Mobility, a shared micromobility provider, for $19m. "We are excited to join forces with Bird, an innovative brand and a pioneer in micromobility. Together Bird and Spin create a powerful player in the North America market -- one that is focused on responsible partnership, bringing reliable alternative transportation options to the communities we serve, and creating a more sustainable future,” Philip Reinckens, Spin CEO.
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