Electric Scooter Startup Grin Merges with Ride for Expansion
Mexico-based electric scooter startup Grin has reportedly merged with Brazil-based Ride to further carry forward the company’s expansion across Latin America.
As of now, the Y Combinator-backed Grin only operates in Mexico City, but it has plans to expand to other cities throughout Latin America. This recent merger will enable Grin to do this as early as next week as Ride already operates in São Paulo.
The development has come shortly after Grin raised a $45 million Series A round. Following the merger, Ride will operate under the Grin brand in Brazil and the Ride team will be in charge of all of Grin’s operations in Brazil. The ride is currently the only shared electric scooter operator in all of Brazil, but that will soon change when Yellow deploys its scooters.
“We definitely wan...