Spinlister in talks with potential buyers to bring back service

By Stephen Frothingham

SANTA MONICA, Calif. (BRAIN) — A potential buyer may breathe new life into popular bike rental platform Spinlister, which announced last month that it would shut down. The tech company, which launched as a peer-to-peer bike rental program and went on to offer a dockless bike share program and bike rental and demo management software for bike shops, has received multiple offers from companies interested in acquiring its assets, according to CEO Marcelo Loureiro.

“Unfortunately, I can’t speak right now … I am currently under an NDA and I can’t share any information at this point,” he said in an email to BRAIN. “After our closing announcement we received multiple offers from companies interested in acquiring our assets or engage in partnerships to keep the service alive.”

Loureiro announced Spinlister’s shutdown in a farewell message on the company’s website in late March, and emailed retailers to tell them of the planned shutdown. At the time, he said the company wasn’t able to raise new funding to keep the business going. Loureiro was an investor in Spinlister when it launched in 2012 and later invested further and became CEO.

In its short existence the service signed up several retailers, who hailed …read more

Via:: Bicycle Retailer and Industry News