The Toyota-backed scooter sharing service is set to be purchased by rival Helbiz, where it will continue to operate under its present brand.

Micro-mobility services business Helbiz has signed a letter of intent to buy the operations of Skip, a US-based electric scooter sharing service backed by carmaker Toyota, for an undisclosed amount.

Founded in 2017, Skip provides shared electric scooters and related services in US cities including Washington DC accessed through its mobile app. The deal is set to include its brand, technology, operations team and scooter fleet, and it will operate under its own brand as a subsidiary of Helbiz.

Helbiz…