Tier Mobility takes over Spin and expands to North America

It is the third acquisition since November: with the purchase of Spin, Tier Mobility is entering the US and Canadian markets and strengthening its UK business.

Tier Mobility has acquired the US e-bike and e-scooter provider Spin. With the purchase, the Berlin-based start-up is expanding its fleet by 50,000 additional e-bikes and e-scooters and will offer its services in 106 communities in the USA and Canada in future. The two companies are not disclosing the purchase price.

Tier now wants to modernize the Spin fleet and equip it with replaceable batteries. Together, the two companies want to develop new standards for micromobility and improve driving safety through new technology. "We look forward to helping citizens in cities and communities across North America transition from cars to more sustainable urban mobility solutions - a transition that is urgently needed to decarbonize cities and communities around the world," says Tier Moblity co-founder and CEO Lawrence Leuschner. In North America, the Spin team will continue to operate as an independent unit. The UK business, on the other hand, is to be integrated into Tier in the near future. Prior to the takeover, Spin belonged to the Ford automotive group.

The takeover is the third in a short space of time: at the end of last year, Tier Mobility first acquired the Wind Mobility subsidiary Vento Mobility, then the bike-sharing provider Nextbike.