Spin Scores $8M For Bike Sharing Service
San Francisco-based Spin, a startup offering up bike sharing which does not require station docking, and where bikes can be unlocked using a QR code, has raised $8M in a Series A funding round. The funding was led by Grishin Robotics, and also included Exponent, CRCM, as well as Charlie Cheever (co-founder, Quora) and Matt Brezina (Dropbox). The company is led by Derrick Ko, a former Lyft executive. Spin says its bicycles are equipped with GPS, cellular connectivity, solar panels, and solid tires that are designed for durability.
posted on Friday, May 26, 2017
Related companies:
Spin Digital Media, LLC
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