Spin raises $8 million as bike-sharing battle heats up in the US

 Bike sharing has taken a turn in the U.S., following trends in China. The new mode is “dockless,” where companies distribute bikes around a city or campus to be rented per trip instead of dispensing them from one station. The bikes are tracked via GPS, and can be located by users, paid for and unlocked using their smartphones. Best of all, whenever riders are done with one of… Read More

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