200 million US dollars for Tier

The mobility start-up from Berlin is worth around two billion US dollars following a financing round.

Tier raised 200 million US dollars in its Series D financing round. The Japanese Softbank Vision Fund 2 and Mubadala Capital from Abu Dhabi led the round. New investors are the British asset manager M&G Investments and the investor Mountain Partners from Switzerland. The total valuation of the mobility start-up has risen to around two billion US dollars.

Tier intends to invest the money in its expansion into new markets and acquisitions. The charging network is also to be expanded. To this end, the start-up says it wants to work with local businesses.

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 in Germany alone with its e-vehicles.