Spinlister Inc., the Santa Monica developer of a bicycle sharing and retail store rental platform, has a new owner.
Rokit Made, an electric bicycle retailer and subsidiary of the Pacific Palisades-based Rokit Team of Cos., introduced Dec. 23 that it had obtained the business for an undisclosed price tag.
Under conditions of the offer, Rokit Designed will consider about ownership of Spinlister’s bike sharing application, as well as its organization-to-business support which streamlines rentals for personal bicycle retailers.
Earlier this year Rokit Made declared strategies to build a 150,000-square-foot electric bike assembly plant in Las Vegas, able of producing all around 25,000 e-bikes each year. It’s not distinct whether the business may possibly use Spinlister’s platform to aid income or rentals of the e-bikes.
Rokit Vice Chairman Dean Becker said the organization would carry on to oversee the Spinlister service and attempt to increase the app’s user base.
“Through this acquisition, Rokit Created will closely spend in Spinlister’s infrastructure, staffing and advertising,” he stated in a assertion. “We expect Spinlister to grow exponentially in 2021.”
The business also claimed it would spend in establishing a new Spinlister service that lets people to program in-keep or digital appointments with local bike stores.
Spinlister has experienced a tumultuous background since it introduced in 2011. Only a year right after the sharing platform debuted as an Airbnb-sort service for bikes, the company’s founders improved its title to Liquid and rebranded as a broader peer-to-peer market.
Later, investor Marcelo Loureiro took about the enterprise and transformed its title back to Spinlister, refocusing the business enterprise on bike sharing.
The assistance shut down in 2018 — only to reemerge past 12 months beneath the management of Main Executive Mark Gustafson, who also co-founded electric bicycle organization Story Bikes.
In a assertion, Gustafson claimed the company’s acquisition would support Spinlifter’s continued growth.
“This partnership will empower our staff to start off implementing progressive know-how to enable both of those persons and businesses to prosper in the bicycle, mobility and outside rental room,” Gustafson explained.
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