Micromobility provider, Bird has acquired Spin, making it the largest operator of shared micromobility services in North America.
With this agreement, Skinny Labs, Inc, which operates as Spin, has been acquired from TIER Mobility for a purchase price of 19 million USD. The company was previously purchased by TIER in 2022.
This transaction makes Bird the largest micromobility operator in North America by market share.
Spin is headquartered in San Francisco and operates in over 50 cities and university campuses in North America, with minimal overlap with Bird’s existing area.
The acquisition consequently increases Bird’s geographical footprint, enabling it to serve approximately 350 markets globally with over 200,000 vehicles.
Michael Washinushi, Bird Interim CEO said:Spin is a great financial and strategic acquisition for Bird and we expect this acquisition will enable us to achieve long-term sustainable profitability. In addition to our overall market leadership in North America, the company now holds a leading market share position in key markets, more new vehicles, cutting-edge technology and a significantly stronger financial position.
With this acquisition, Spin’s fleet of over 60,000 vehicles will help complement Bird’s micromobility fleet.
In addition, Spin will also contribute its developments in sidewalk detection technology and battery-swapping systems to Bird’s existing portfolio.
Philip Reinckens, CEO of Spin said: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.
