Spin is an electric bicycle-sharing and electric scooter-sharing company. It is based in San Francisco and was founded as a start-up in 2017, launching as a dockless bicycle-sharing system controlled by a mobile app for reservations. Spin was founded in 2016 as Skinny Labs, Inc. and announced in January 2017, hoping to bring Chinese-style dock-less bicycle sharing to the United States. Spin raised $8 million in Series A venture capital financing led by Grishin Robotics in May, during preparation for a wider rollout in other cities. Spin launched in Seattle, Washington, on July 17, 2017, becoming the city's first dock-less bicycle-sharing system under new regulations from the city government. Spin debuted with 500 bicycles in Seattle, and exceeded 5,000 rides during its first week in operation, surpassing the city's former bicycle-sharing system, Pronto Cycle Share. In late July, Spin announced plans to expand to South San Francisco, California, as part of a larger national rollout. The New York City Department of Transportation, however, ordered the closure of operations in Rockaway, Queens. More information...
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