Tier Mobility takes over Nextbike

Following a 200 million US dollar Series D financing round at the end of October, Tier announced that it would use the money for strategic acquisitions. Now the start-up from Berlin is getting serious.

Tier has acquired 100% of the bike-sharing provider Nextbike. It is not known how much the purchase cost - Gründerszene is assuming a low to mid double-digit million figure.

With the takeover, Tier is expanding its bike business. Together, the companies now have more than 250,000 vehicles in over 400 cities. "The acquisition of Nextbike - with its unrivaled experience and relationships in hundreds of cities - is a unique opportunity to take bike sharing to the next level," says Tier CEO and founder Lawrence Leuschner. Nextbike was founded in 2004 and offers its rental bikes in around 300 cities. In many of its locations, Nextbike is the only bike rental company.

Tier was founded in 2018 by Lawrence Leuschner, Matthias Laug and Julian Blessin. Tier users can rent e-scooters, bicycles, e-bikes and e-mopeds via an app. The start-up is now represented in 16 countries and serves around 60 cities in Germany alone with its e-vehicles.