200 million US dollars for animal
The mobility start-up from Berlin is worth around two billion US dollars after a financing round.
In its Series D financing round, Tier has raised 200 million US dollars. Japan's Softbank Vision Fund 2 and Abu Dhabi's Mubadala Capital led the round. New investors include U.K. asset manager M&G Investments and Switzerland-based investor Mountain Partners. The mobility startup's total valuation rose to about $2 billion.
Tier plans to invest the money in its expansion into new markets and acquisitions. It also plans to expand its charging network. To do so, the startup says it wants to partner with local stores.
Lawrence Leuschner, Matthias Laug and Julian Blessin founded Tier in Berlin in 2018. Users can rent e-scooters, e-bikes and e-mopeds via the app. The start-up is now represented in 16 countries and serves almost 60 cities with its e-vehicles in Germany alone.
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