SoftBank’s Vision Fund has backed Berlin-based Tier Mobility in the largest funding round for a European e-scooter company.
Even during the COVID-19 pandemic crisis, these German businesses were thriving and have opted for short-time work instead of job loss.
American startup Lime and European competitors Dott and Tier Mobility have won permits to operate shared electric scooters in Paris.
Berlin-based electric scooter startup Tier has raised €20 million ($22.7 million) in funding as the company bets on changing transport habits.
Coup shut down late last year, and Tier Mobility plans to take over and start its own shared moped service.
Tier, the European e-scooter startup that operates in 55 cities across 11 countries, has topped up funding for the second time in four months.
Following Tier Mobility’s $60 million Series B late last year, the e-scooter rentals startup has been busy bolstering its C-suite.
“Sometimes I’m very surprised at the speed we are going,” said Tier cofounder and CEO Lawrence Leuschner. “But this is also the fun of it.”
TIER Mobility, today that the company commits to full carbon neutrality from January 2020.
Lawrence Leuschner, the cofounder and CEO of the scooter startup Tier, thinks he can beat out the competition because the firm is more efficient.
Tier Mobility, a Berlin-based startup that operates a fleet of 20,000 scooters across 40 cities in 12 countries, has raised $60 million.
