RSG095: Euwyn Poon on How Spin is Looking to Storm the Scooter Market

2018 seemed to be the Year of the Scooter. Since then, what have scooter companies learned from 2018, in terms of hardware, workforce, and regulatory challenges? In this podcast episode, I interview the co-founder and President of Spin to provider insight on Spin and the scooter industry in 2019.

If you’d like to read a transcript of this podcast, please click here.

Intro

  • Today I’m chatting with Euwyn Poon, co-founder and President of Spin, who will provide insight into Spin and the scooter industry
  • Spin started off as a dockless bike share company, but after the Year of the Scooter in 2018, they pivoted to e-scooters and are now launching in cities across the country
  • We’ll talk about how Spin got started, its challenges, and more

Interview with Euwyn Poon

  • Euwyn has been a few things in his life pre-Spin, including a corporate lawyer, investor in companies
  • Saw the opportunity for Spin and was frustrated by what was available
  • Introduced Spin at SXSW in 2017, has been growing ever since
  • Was inspired by dockless bicycles in China

History of Spin

  • Spin’s most popular product has been the electric scooters
  • Spin began to get popular in the same way iPod did – had to be early adaptors
    Had to be something people could see themselves using

Spin’s Growth Strategy

  • Spin acquired by Ford in November
  • Has grown exponentially since then
  • Growing methodically and scaling
  • Not everyone is using cars anymore, and Ford recognizes this

How Spin is Different

  • Durability of the product itself
  • Treating its workforce better, chargers getting $20/hr and being W-2 employees
  • Following regulations
  • Learning phase for the industry to see what works best

Outro

  • Big thanks to Euwyn for coming on the podcast, I definitely learned a lot about Spin and it was great to learn about Spin’s history
  • In addition, I think Spin is a little different in terms of strategy and even hardware
  • Spin shows us sometimes it doesn’t pay to be first – learn from the mistakes other companies made

Show Notes

If you’d like to read a transcript of this podcast, please click here.