About Spin
Spin is a company based in San Francisco (United States) founded in 2016 was acquired by Bird in September 2023. It operates as a Mobility-as-a-Service, and Pay-per-Use / Usage-Based. Spin has raised $8 million across 1 funding round from investors including Bird, TIER and Ford. Spin offers products and services including Spin 6 E-Scooter, S-100 E-Scooter, S-200 E-Scooter, and S-300 E-Bike. Spin operates in a competitive market with competitors including Bird, Fenix, Skip, Wind and Go X, among others.
- Headquarter San Francisco, United States
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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Products & Services of Spin
Spin offers a comprehensive portfolio of products and services, including Spin 6 E-Scooter, S-100 E-Scooter, S-200 E-Scooter, and S-300 E-Bike. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Robust e-scooter designed for frequent urban use daily.
Advanced e-scooter with safety and stability features included.
Three-wheeled e-scooter with enhanced safety systems integrated.
Pedal-assist e-bike for longer, sustainable urban trips.
Funding Insights of Spin
Spin has successfully raised a total of $8M through 1 strategic funding round. The most recent funding activity was a Series A round of $8 million completed in May 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $8.0M
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First Round
First Round
(25 May 2017)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2017 | Amount | Series A - Spin | Valuation | Grishin Robotics |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Spin
Spin has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Bird, TIER and Ford. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Seed-to-late-stage US tech investments are managed by Grishin Robotics.
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Founded Year | Domain | Location | |
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Early-stage tech investments are funded by Exponent in the US.
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Founded Year | Domain | Location | |
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Investments are directed toward seed-stage startups by CRCM Ventures.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Spin
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Spin
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Spin Comparisons
Competitors of Spin
Spin operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Bird, Fenix, Skip, Wind and Go X, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Electric kick-scooters are rented through an app-based platform.
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| domain | founded_year | HQ Location |
Electric kick-scooters are shared via an app-based platform.
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| domain | founded_year | HQ Location |
Online platform for e-scooters rentals
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| domain | founded_year | HQ Location |
Electric kick scooters are rented through a dockless app platform.
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| domain | founded_year | HQ Location |
Electric kick scooters are shared through an app-based service.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Spin
Frequently Asked Questions about Spin
When was Spin founded?
Spin was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Spin located?
Spin is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Spin a funded company?
Spin is a funded company, having raised a total of $8M across 1 funding round to date. The company's 1st funding round was a Series A of $8M, raised on May 25, 2017.
What does Spin do?
Spin is involved in offering accessible, affordable, and sustainable personal mobility solutions. Services are provided across over 70 cities and campuses globally, focusing on e-scooters and e-bikes for urban transportation. Partnerships are established with major cities and universities to tailor mobility programs. Infrastructure projects like charging stations are developed to enhance reliability and sustainability. Safety and innovation are prioritized in product designs to meet community and partner needs.
What products or services does Spin offer?
Spin offers Spin 6 E-Scooter, S-100 E-Scooter, S-200 E-Scooter, and S-300 E-Bike.
Who are Spin's investors?
Spin has 6 investors. Key investors include Bird, TIER, Ford, Grishin Robotics, and Exponent.
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