Transports
Despite the crisis, TIER raises $ 250 million for its scooters
$ 250 million: despite the health crisis and the new containment measures in Europe, the Berlin start-up TIER raises $ 250 million and brings the Japanese SoftBank into its capital.
Travel may be reduced in Europe due to new containment measures linked to the health crisis, this does not prevent investors from believing in the success of soft mobility. The proof: the announcement on Tuesday, November 9 of the raising of 250 million dollars (211 million euros) by the start-up TIER to accelerate the deployment of its self-service electric scooters in Europe. A fundraising that added to the previous ones values the company around one billion euros!
The company founded in 2018 in Berlin by Lawrence Leuschner, Matthias Lau and Julian Blessin has won over the Japanese conglomerate SoftBank to carry out this new fundraising successfully, via its investment fund Vision Fund. Alongside the operator’s traditional investors: Mubadala Capital, Northzone, Goodwater Capital, White Star Capital, Novator and RTP Global.
Fourth fundraiser in one year
This is the fourth fundraising campaign since October 2019, when TIER decided to take advantage of the crisis. If its managers do not rule out the possibility of making an acquisition, as its American competitors Lime (with Jump) or Bird (with Circ) have previously done, this contribution of new money will be used as a priority “to strengthen in cities where we are
