TIER Mobility has announced its acquisition of Ford-owned micromobility operator Spin, allowing the company to expand into North America.
Following their recent acquisition of nextbike, TIER is already operating in over 410 cities with a fleet of 250,000 vehicles. The purchase of Spin and its 50,000 vehicles will now allow TIER to operate in more than 520 cities in 21 countries. This expansion makes TIER the largest multimodal micromobility operator globally.
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.
This acquisition brings together two international micromobility operators who aim to offer sustainable transport solutions in cities across the world.
Spin has strong partnerships with North American cities, as well as experience with city-focused projects like sidewalk riding detection technology and charging infrastructure solutions. Meanwhile, TIER has developed significant innovations such as their TIER Energy Network and swappable battery technology.
Modernising the Spin fleet with TIER’s 100% swappable batteries will be one of many upcoming projects that will help TIER achieve environmental sustainability and efficiency in the North American micromobility industry.
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.
