Tier now valued at 2billion euro valuation

Tier said after its latest round the micromobility business is now valued at $2BN (which is up around double from last year at their series C round— saying it’s raised a total of $660M in equity and debt funding to date.

The 2018 launched e-scooter, e-bike and e-moped provider competes in the nowhighly competitive micro mobility space with a the range of players in this new space. Bird, Dott, Lime, Voi and Wind.

The micromobility market in cities around the world have given regulators a head ache. They have responded by setting limits on the number of operators allowed per city.

Getting one of the limited licenses in each city is rocket fuel for growth.

Paris — where city authorities have been making a big push to a 15 minute city with Micro Mobility with the use of E scooters ad bikes.

To-date, a total of 135,000 e-scooters, e-bikes and e-mopeds across 150 cities in 16 countries have been deploted. claiming in the press release that the “the European market leader through unrivalled capital efficiency and operational excellence”.

The Berlin-based startup’s plan for the new funding is for “acquisitions and strategic investments”, as well as for further international expansion — with Tier saying it will be targeting coverage across strategic growth markets, in Europe and the Middle East.

The deal money will be used for consolidation for this ridiculously fast moving e-scooter market. Buying up competitors who otherwise have the rest of the licenses in each city.

Tier believes its network of mirco Mobility is the platform for the energy network. With it's network of battery charging stations hosted by local businesses, aka the Tier Energy Network.

“With the launch of e-bikes in several European countries, Tier is expanding its growing range of multimodal options, making it the first European micro-mobility provider to offer users three different types of vehicles in one app,” it adds.

In the statement, Lawrence Leuschner, CEO and co-founder, said: “The funding provides Tier with additional resources to fulfil our mission to Change Mobility For Good. Clocking more than 80 million trips, replacing over 13 million car rides, in such a short amount of time exemplifies that cities around the world look for ways to make their transport networks safer and move towards a zero-emission future.”

“Lawrence, Matthias and Alex’s passion for change can be felt across the organisation — from Tier’s hub in Dubai to their HQ in Berlin,”

Amer Alaily, director at Mubadala Capital Ventures, Europe, in another supporting statement. “They have quickly emerged as not only a leader in the European micro-mobility space, but one whose commitment to sustainability sets them apart from their competitors. We are proud to have been part of their journey and look forward to remaining a partner to Lawrence and his team for years to come.”