Spring Acquisition
- Morgan Stone
- Jul 24, 2020
- 2 min read
Updated: Jun 22, 2021
Movatic is excited to announce that we have acquired Spring!
Spring's scootershare and bikeshare system is a natural extension of Movatic's vision to increase and improve the sustainability of micro-mobility. Micro-mobility will be an essential resource to the world during and after COVID-19 and Movatic is well-positioned to meet the unique needs of riders in a safe and dependable manner. As residents in their respective communities begin to move again, it’s imperative that safe options remain available to those who have grown accustomed to the conveniences scootershares and bikeshares offer.
Victor Pontis, CEO of Spring.
"In the spring of 2018, I took my first ride on an electric scooter. I quickly saw how they could change cities for the better by providing a fun, cheap, and convenient way of getting around. I had recently left my previous job and I wanted to work in the industry. With a background in software engineering, I interviewed at Bird and Lime and contracted for Skip. I had job offers on the table, but I didn’t end up joining any of the companies," said Victor Pontis, CEO of Spring.
"We're proud to continue our leadership in working with new companies and grow mobility space. For us, Spring was a natural fit with this vision, as they primarily focused on new players in this space. Due to our software being used for large systems, we knew these customers would be in good hands," said Ansgar Strother, the CEO of Movatic.
We've only scratched the surface of what's possible in providing convenience and affordability to communities around the world, and we're ready to continue onward with those improvements to take things to the next level as we expand our footprint and ridership.
We look forward to supporting and integrating Spring operators and building new relationships along the way.
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