Posts filtered by tags: Euwyn Poon[x]


 

Shifting Gears: No one has figured out scooter economics yet

Happy Friday and welcome to another edition of Shifting Gears, Business Insider's rundown of everything that happened in transportation during the week.  The team had no shortage of captivating scoops, interviews, and other stories this week. In South Texas, there's a fight set between longtime homeowners and Elon Musk's plan for a Mars exploration base. And in California, more than 100 truckers lost their jobs as yet another freight company went belly up. In mobility land, we chatted with the ...
Tags: Amazon, Spacex, Elon Musk, Texas, California, US, Trends, Tesla, Ford, Delta, Gm, SEC, Jaguar, Airbus, Mars, Electric


Ford's scooter startup was supposed to be in 100 markets by the end of 2019. That didn't happen, and its founder explains why.

Spin, the scooter company owned by Ford, wanted to be in 100 markets by the end of 2019.  Currently, the startup is only in 70.  In an interview, founder Euwyn Poon defended the startups growth in the 18 months post-acquisition. Click here for more BI Prime stories. When something works, double down. That's the strategy that Spin, the scooter startup bought by Ford for $100 million in 2018, has adopted as it fights for footing in the cutthroat micromobility industry. But it's a departure from...
Tags: San Francisco, Trends, Tesla, Ford, Washington Dc, Bird, University of Central Florida, Poon, Manhattan College, Euwyn Poon


The CEO of a scooter startup owned by Ford explains why it's a good thing that his employees are unionizing — and how it could help Spin get a leg up on Bird and Lime

Forty workers who manage Spin's fleet of scooters in December voted to unionize.  Even before the decision, the Ford-owned startup had classified the workers as employees instead of independent contractors, giving them access to the associated benefits that come with employment.  In an interview, Spin's founder explained why the investments in training and benefits may help the company win in the long fight against competitors Bird, Lime and more.  Click here for more BI Prime stories. Contra...
Tags: Apple, Lyft, California, San Francisco, Trends, Tesla, Nasa, Ford, Washington Dc, Bird, Silicon Valley, Teamsters, Lime, Poon, Uber Lyft, Euwyn Poon


After sale to Ford, Spin charges ahead with plans to scale up

Electric scooter startup Spin was long considered to be a bit of an underdog in the micromobility space. Before selling to Ford, Spin had raised just $8 million, while competitors Lime and Bird had raised hundreds of millions. Today, the former underdog is backed by one of the world’s largest transportation companies and has set its sights on becoming an industry leader that sets standards for both vehicles and labor practices. “We’ve gone from the scrappy upstart, the guy who was least-funded, ...
Tags: TC, Transportation, Tech, Ford, Bird, Spin, Electric Scooters, Poon, Micromobility, TechCrunch Now, Euwyn Poon, Ford Spin


The CEO of a scooter startup bought by Ford reveals how it's getting a leg up on its rivals (F)

Ford purchased Spin, a relatively unknown scooter startup, last year for $40 million.  As opposed to the well-known rivals Lime and Bird, Spin is hedging its bets on playing nice with cities and regulators.  CEO Euwyn Poon talked to Business Insider about the acquisition, and why the company is betting on college campuses to beat out the competition.  Scooter rentals were virtually unheard of when Euwyn Poon showed up at the South by Southwest festival in Austin, Texas in 2017. Fast forward t...
Tags: Trends, Tesla, Austin, Ford, Spin, Southwest, Austin Texas, New Mexico State University, Poon, LAS CRUCES, Euwyn Poon, Bird Spin, Lime and Bird


Ford is buying scooter startup Spin (F)

Ford is buying Spin, a 24-person scooter startup based in San Francisco.  Terms of the deal weren't disclosed, but Axios reported the price tag was $40 million.  Ford sees the agreements Spin makes with cities as a possible precursor to rolling out self-driving vehicles.  Ford is buying scooter startup Spin as doubles down on its investments in the future of transportation. Terms of the deal were not disclosed, but . Spin CEO and founder Euwyn Poon said Ford's acquisition gives the 24-person...
Tags: San Francisco, Trends, Beijing, Ford, Beverly Hills, Poon, Axios, Euwyn Poon, Marcy Klevorn Ford


Silicon Valley scooter wars

Electric scooters have become the hot new area for startups and “innovation.” For those who haven’t been keeping track, there are three main players in the Silicon Valley scooter wars: Bird, Lime and Spin. Bird first launched in Venice, Calif. before expanding into San Francisco in March. It’s worth pointing out that Bird, for now, is strictly an electric scooter company. That’s not the case for Lime and Spin, which both have their own bike-share services deployed throughout various par...
Tags: TC, Transportation, Lyft, Uber, Europe, California, Africa, San Francisco, Tech, Austin, United States, Mta, Middle East, Sun, Bird, Silicon Valley


SCOOTER WARS: 3 startups are raising hundreds of millions to speed up your commute — but they're annoying everyone in San Francisco

Electric scooters for grown-ups are taking over San Francisco. Three startups — Bird, Spin, and LimeBike — have raised a combined $225 million in venture capital funding and rolled out hundreds of vehicles. In their quest to disrupt transportation, the electric scooter sharing startups are annoying everyone in San Francisco by taking up space on sidewalks. We talked with the founders of two electric scooter sharing startups about their bumpy rides in San Francisco, and how they're trying to wo...
Tags: Google, Lyft, Travis Vanderzanden, London, Washington, US, Los Angeles, San Francisco, Trends, Bird, Silicon Valley, App Annie, Southern California, Santa Monica California, Board of Supervisors, Carol Scott


An ex-Uber employee is littering the streets of San Francisco with scooters and claims the city wants to shut down his $300 million startup

An electric-scooter startup sent a press release to reporters accusing San Francisco of planning to ban such scooters. A city official denied the charge, saying San Francisco was only considering regulating them. The city has received numerous complaints about the electric scooters since three venture-backed companies launched services there recently — and their devices started being strewn about on sidewalks. San Francisco may have a reputation for being an overregulated city. But that doe...
Tags: Apple, Lyft, Uber, Travis Vanderzanden, Washington Post, San Francisco, Trends, Bird, Business Insider, San Francisco Chronicle, Santa Monica California, Baer, Herrera, Chronicle, Dennis Herrera, Aaron Peskin


An ex-Uber employee is littering the streets of San Francisco with scooters and claims the city wants to shut his $300 million startup down

An electric scooter startup sent a press release to reporters claiming San Francisco was planning to ban such scooters. But a city official denied the charge, saying San Francisco is only considering regulating them, not banning them. The city has received numerous complaints about the electric scooters since three venture-backed companies launched their services there recently — and their devices started being strewn about on sidewalks. San Francisco may have a reputation for being an over...
Tags: Lyft, Uber, Travis Vanderzanden, Washington Post, San Francisco, Trends, Bird, Business Insider, San Francisco Chronicle, Santa Monica California, San Francisco City, Baer, Dennis Herrera, Aaron Peskin, San Francisco Board of Supervisors, Bird Bird


A $100 million startup littering San Francisco's sidewalks with scooters is claiming the city wants to shut it down

An electric scooter startup sent a press release to reporters claiming San Francisco was planning to ban such scooters. But a city official denied the charge, saying San Francisco is only considering regulating them, not banning them. The city has received numerous complaints about the electric scooters since three venture-backed companies launched their services there recently — and their devices started being strewn about on sidewalks. San Francisco may have a reputation for being an over...
Tags: Lyft, Uber, Travis Vanderzanden, Washington Post, San Francisco, Trends, Bird, Business Insider, San Francisco Chronicle, Santa Monica California, San Francisco City, Baer, Dennis Herrera, Aaron Peskin, San Francisco Board of Supervisors, Bird Bird