Spin Secures $8M in Series A Funding

▤ Summary

Spin, a San Francisco, CA-based stationless bikeshare system, raised $8m in Series A funding.The round was led by Grishin Robotics with participation from Exponent and CRCM, along with Quora co-founder Charlie Cheever and Dropbox investor Matt Brezina.Designed in California, the bikes are equipped with GPS, cellular connectivity, solar panels, and solid tires.The Project’s first initiative is to fund bike safety in Seattle, where Spin plans to launch this summer.In addition to an initial investment, Spin will contribute a portion of ride revenue to continually fund the project.

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