Tier Mobility buys Fantasmo

Fantasmo has developed a camera positioning system that is supposed to work more accurately than conventional GPS. Tier Mobility now wants to use it to improve the parking situation of its e-scooters.

Tier Mobility has acquired the US company Fantasmo. With the acquisition, the Berlin-based e-mobility provider aims to improve its e-scooter parking system. The exact purchase price is not known.

Fantasmo is working on a computer-assisted driving system that uses a Camera Positioning System (CPS). This is a new localization technology that is said to provide more accurate results than traditional GPS. Tier wants to use Fantasmo's technology to improve the parking situation of its e-scooters. In the near future, the German company also hopes to introduce a new driving assistance technology that will be able to detect and punish traffic violations.

Fantasmo and Tier Mobility have already been working together for a year. The CPS is already in use at a number of Tier locations, including Paris, London, York, Düsseldorf and Leipzig. "We were very impressed from the beginning with Fantasmo's Camera Positioning System, which allows us to directly address the concerns of vulnerable road users regarding e-scooter parking. Our plan is to expand the positioning technology to numerous cities in Europe and the Middle East in the near future," says Tier co-founder and chief technology officer Matthias Laug.