Berlin-based shared scooter firm Tier has taken ownership of Spin’s 50,000 vehicles, expanding Tier’s footprint to more than 520 cities in 21 countries.
Following the purchase of European e-bike company Nextbike and now the Spin acquisition, Tier’s fleet now sits at 300,000 vehicles.
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 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.”
Tier currently operates across Europe and parts of the Middle East, including shared vehicle schemes in London and York in the UK, while Spin has a stronghold in the US but also operates in Milton Keynes.
In recent months Tier has been expanding rapidly, including with acquisitions of Italian market leader Wind Mobility and bike-share specialist Nextbike in 2021.
Ben Bear, CEO of Spin, said: “Tier and Spin share the same foundational view of how to deliver world-class micromobility services to cities and riders. Both companies believe in a partnership-first approach, operating with employees rather than contractors, and helping get people out of cars by offering sustainable, equitable, and safe micromobility 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.”
Spin recently restructured to focus on limited or single vendor markets. The company’s team in the US will operate as a separate entity, while the UK business will be transferred to Tier at a later date.
Tier said the amount of the purchase price and further financial details of the transaction will not be disclosed.