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The NYC DOT says Joco can't operate a bike share program without authorization, so Joco has pivoted to focus on supplying e-bikes for gig workers and delivery.
Ford-owned Spin shakes up scooter business with new CEO, e-bikes and city strategy
Spin, the Ford-owned micromobility operator, has added a new CEO, launched a new strategy to capture market share and announced a plan to get back into bike share, although this time with an electric twist.
The flurry of moves suggest that Spin is still trying to figure out the best path forward to push past its rivals and become profitable. Under the changes announced Thursday, co-founder and CEO Derrick Ko is moving to a strategic advisory role, along with the other two co-founders Zaizhuang Cheng and Euwyn Poon. In Ko’s place is Ben Bear, who previously served as CBO of Spin.