Ford Smart Mobility is set to acquire shuttle service Chariot, which had raised $3m from investors including Major League Baseball, for a reported $65m.
Ford Smart Mobility, a subsidiary of carmaker Ford Motor Company, agreed on Friday to acquire US-based shuttle service startup Chariot in a transaction that will provide an exit to sporting league Major League Baseball (MLB).
Ford did not disclose the purchase price, but it was reported by Business Insider to be $65m with earnouts to be added.
Founded in 2014, Chariot operates a shuttle service across various commuter routes in the San Francisco Bay Area using around 100 buses that…
