Tier Mobility takes over Nextbike

After a $200 million Series D funding round in late October, Tier announced it would use the money to make strategic acquisitions. Now the Berlin-based startup is getting serious.

Tier has acquired 100 percent of the bikesharing provider Nextbike. It is not further known how much the purchase cost - but it Gründerszene but is believed to be in the low to mid double-digit millions.

With the acquisition, 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 with hundreds of cities - is a unique opportunity to take bikesharing to the next level," says Tier CEO and founder Lawrence Leuschner. Nextbike was founded back in 2004 and says it offers its rental bikes in about 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. Through an app, Tier users can rent e-scooters, bicycles, e-bikes and e-mopeds. The start-up is now represented in 16 countries and serves around 60 cities with its e-vehicles in Germany alone.