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Ford to buy San Francisco shuttle service Chariot

Staff Writer |
Ford Motor will acquire San Francisco-based shuttle service Chariot with plans to expand the service globally.

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Ford said Chariot plans to expand internationally, moving into five more markets in the next 18 months. Terms of the deal were not disclosed.

"By expanding our business model to include new forms of transportation - from bikes to dynamic shuttles and more - we are introducing new customers to Ford and creating new revenue and profit opportunities for the future," said Jim Hackett, chairman of Ford Smart Mobility.

The company also said it would launch its "Ford GoBike" bike sharing program next year with the company Motivate, adding new stations and 7,000 bikes throughout the greater San Francisco Bay Area by the end of 2018.

Chariot operates 100 Ford Transit shuttles in the San Francisco Bay Area along 28 routes. The on-demand shuttles will use data to map out the best routes.

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