Spin Charts Path to Carbon Negative: Begins Electrifying Operations in Two U.S. Cities and Contributes Revenue to Support Carbon Removal Tech through Partnership with Stripe Climate

  • First U.S. Micromobility Company to Electrify its Operations in San Francisco, CA and Washington, D.C.
  • Leverages Battery Electric Vans to Move E-scooters from the Warehouse to the Streets
  • Achieves Carbon Neutral Local Operations for 2020
  • Contributes Portion of Revenue to Stripe Climate to Support Carbon Removal Technologies

[SAN FRANCISCO — APRIL 20, 2021]Spin, the micromobility unit of Ford Motor Company, today announced the company will begin electrifying its operations vehicles by introducing full sized electric vans in San Francisco, CA and Washington, D.C. in April 2021 to celebrate Earth Month. This is a continuation of the company’s efforts to operate sustainably by measuring, reducing, and offsetting its carbon footprint. Today’s announcement also includes the achievement of carbon neutral local operations (covering all of Spin’s Scope 1 and 2 GHG emissions) for 2020. An important component of Spin’s carbon neutrality is the successful transition to using 100% renewable electricity in its global operations through direct renewable energy purchases and renewable energy certificates (RECs).

Going forward, Spin will expand its carbon accounting and carbon neutrality to cover all emissions across its value chain, and regularly update its emissions calculations. It will also continue to offset all emissions it was unable to reduce or avoid. This will ensure rides from 2020 onwards are carbon neutral. The company is also taking further steps to meet its carbon negative goal by 2025 by contributing a portion of its revenue to Stripe Climate to support companies that are building carbon removal technologies.

“We want to offer the cleanest form of transportation possible to cities,” said Derrick Ko, CEO and Co-Founder of Spin. “That means we can’t cut corners when it comes to sustainability. I’m proud of our team for proposing bold initiatives and offering creative solutions to reduce our carbon footprint.”

Although few commercial electric vehicles options are currently available in the U.S, Ford-owned Spin is demonstrating its commitment to sustainable operations and stepping ahead of its competitors by fully electrifying its operations vehicles in two of the largest micromobility programs in the U.S. by the end of 2021.

Outside of manufacturing, operations activities — picking up and deploying e-scooters — make up a majority of a micromobility company’s carbon footprint. Combined with the use of 100 percent renewable electricity, the full electrification of an operations fleet will eliminate fuel use and reduce the vast majority of Scope 1 and 2 emissions,” Holly Gordon, Vice President of Policy at Spin. “I’m particularly excited about the portfolio of electric vehicles, such as electric low speed vehicles and e-cargo bikes, which will allow us to operate sustainably and efficiently in cities.”

Spin is also announcing that its local operations, which covers its warehouses, operations vehicles, and charging of scooters, are now carbon neutral for 2020. The company’s carbon calculations and carbon neutrality have been verified by an independent third party, Agendi, following the rigorous, globally recognized PAS 2060 Carbon Neutrality specification developed by the British Standards Institute (BSI). Now, when riders take a Spin, they can be confident that their trips are carbon neutral because of the actions that Spin has taken to measure, reduce, and offset the company’s operational emissions.

Spin is also contributing a portion of its revenues to Stripe Climate this year to support innovative companies whose technologies can permanently remove carbon from the Earth’s atmosphere. “As part of our sustainability commitment, we are pushing to be carbon negative,” said Hui Wen Chan, Director of Sustainability at Spin. “Carbon removal will be a critical tool in the fight against climate change. We are excited to participate in Stripe Climate to help collectively scale the solutions needed to meet the world’s climate goals.”

Learn more about Spin’s carbon negative commitment here and read in more detail about today’s announcement on the company blog here.

About Spin

Headquartered in San Francisco, Spin is one of the leading micromobility companies and a unit of Ford Motor Company. Spin has been recognized for launching the first stationless mobility program in the United States and was instrumental in crafting the world’s first mobility permit system. As a trusted and reliable partner, Spin currently operates e-scooters in many cities and universities in North America and Europe. Spin consists of a diverse team of experienced professionals from government and private sectors, and the transportation advocacy world, all of whom are committed to fulfilling the company’s mission — giving people the freedom to move and bringing people, communities and their urban environment closer together. https://www.spin.app

About Ford Motor Company

Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford trucks, utility vehicles, and cars — increasingly including electrified versions — and Lincoln luxury vehicles; provides financial services through Ford Motor Credit Company; and is pursuing leadership positions in electrification; mobility solutions, including self-driving services; and connected vehicle services. Ford employs approximately 186,000 people worldwide. For more information regarding Ford, its products and Ford Motor Credit Company, please visit corporate.ford.com.

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