Micro-Mobility Provider TIER Accelerates to a Valuation of $2 Billion

Tier

TIER is a German micro-mobility provider that recently raised $200 million in a Series D funding round. This round was led by their previous investors, SoftBank Vision Fund 2 and Mubadala Capital. Other old investors to participate were RTP Global, Novator, White Star Capital, Northzone, and Speedinvest. New investors, M&G Investments and Mountain Partners also joined. So far, TIER has raised $660 million in debt and equity.

TIER’s Services

TIER was founded in 2018 by Lawrence Leuschner, Matthias Laug, and Julian Blessin. They are the first European micro-mobility provider that offers three different types of vehicles in one app. TIER offers its customers electric cars ranging from e-scooters, e-mopeds to e-bikes. Their services help reduce the dependence on cars. TIER has been ...

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