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Spin was founded in 2016 as Skinny Labs, Inc. and announced in January 2017, hoping to bring Chinese-style dock-less bicycle sharing to the United States. [1] Spin raised $8 million in Series A venture capital financing led by Grishin Robotics in May, during preparation for a wider rollout in other cities. [2]
A stationary bicycle (also known as exercise bicycle, exercise bike, spinning bike, spin bike, or exercycle) is a device used as exercise equipment for indoor cycling. It includes a saddle , pedals , and some form of handlebars arranged as on a (stationary) bicycle .
Indoor cycling, often called spinning, is a form of exercise with classes focusing on endurance, strength, intervals, high intensity (race days) and recovery, and involves using a special stationary exercise bicycle with a weighted flywheel in a classroom setting. [1]
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