Turnover: million EUR ()

Country: Germany

Tier Mobility GmbH supplies electric scooters for local travel. The company develops a software application that enables users to locate and reserve scooters. The company is based in Berlin, Germany.

Present in 15 European countries

Fundraising: over €250 million by 2020

february 26, 2020 -Tier mobility expands - source(frenchweb)

  • present in over 80 cities
  • present in 12 countries
  • acquisition of start-up Coup Mobility and its 5,000 electric scooters

november 10, 2020 - Tier Mobility the new German Unicorn - source (Le Figaro)

  • more than 60,000 electronic scooters
  • soon to achieve Unicorn status

may 8, 2021 - Tier Mobility in Yvelines - source(actu.fr)

  • 1,000 new self-service scooters in Yvelines
  • the rate is 15 centimes per minute and a one-euro unlocking fee
  • the cost of this new deployment is 1.5 million euros

News

Micromobility: Tier and Dott to merge 11/01/2024

  • Two micromobility start-ups, Tier and Dott, are in exclusive negotiations for a merger.
  • The joint entity will continue to operate under the Tier and Dott brands. The group will be headquartered in Berlin.
  • Tier shareholders will hold 70% of the shares in the new entity, while Dott shareholders will hold 30%.
  • Tier has raised $585 million since its creation, and was valued at $2 billion in 2021.
  • Dott has raised $175 million.
  • Investors in both companies plan to inject 60 million euros in equity.
  • Bird, another micromobility company, went bankrupt in December 2023.
  • Superpedestrian has ceased operations in the USA and is looking for a buyer in Europe.
  • Dott/Tier reported cumulative revenues of 250 million euros in 2023.
  • 3 major players in the European micromobility market: Dott/Tier, Sweden's Voi and Bolt.
  • Dott and Tier were ousted from the Paris scooter market in 2023 following a lost referendum.

Micromobility: Tier and Dott in merger talks 10/01/2024

  • Tier and Dott, two micromobility start-ups, are in negotiations for a merger which should be effective in two months' time.
  • Tier shareholders will own 70% of the new entity, while Dott shareholders will hold 30%.
  • Tier, a German company, has raised $585 million since its inception and was valued at $2 billion in 2021.
  • Dott, a Dutch company, has raised $175 million since its creation.
  • Their investors plan to inject 60 million euros in equity following the merger.
  • Bird, another micromobility start-up, went bankrupt in December 2023.
  • Superpedestrian has ceased operations in the USA and is looking for a buyer in Europe.
  • The European micromobility market is consolidated around three players: Dott/Tier, Voi and Bolt.
  • Dott/Tier have declared cumulative revenues of 250 million euros for 2023.

Studies mentioning this company

The self-service scooter market - France

Other companies mentioned:

  • Lime Neutron
  • Dott
  • Tier Mobility
  • Voi mobility
The electric scooter market - France

Other companies mentioned:

  • Xiaomi
  • Ninebot
  • Altermove (Mobivia Groupe)
  • Decathlon Groupe
  • Go Sport France
  • Dott
  • Tier Mobility
  • Voi mobility
  • Lime Neutron
  • Plume Mobility