Spin (company)

src: www.spincompany.com

Spin is a bicycle-sharing company based in San Francisco, California. The company operates a dock-less bicycle-sharing system that uses a mobile app for reservations.

Video Spin (company)

History

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. The company launched in Austin, Texas, during South by Southwest in March 2017. The service was suspended by Spin within a day of launch, due to a dispute with the city government over permits and regulations.

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.

Maps Spin (company)

Equipment and usage

Spin uses orange-colored, three-speed bicycles equipped with onboard GPS units and cellular modems. Rides cost $1 for every 30 minutes, or $29 per month with unlimited 30-minute rides. Bicycles are unlocked using a mobile app that scans a QR code on the bicycle. Bicycles are able to be parked anywhere within the city within designated landscape/furniture zones on sidewalks.