Tier raises 200 million euros to consolidate number 1 position in Europe for Micro mobility

TIER, Europe’s micro-mobility number 1 leader, today closes its $200 million funding round to consolidate its position as the best funded micro-mobility company in Europe.

Leading the micro-mobility revolution launched in 2018 Lawrence Leuschner, Matthias Laug and Julian Blessin.

TIER provides light electric vehicles, from e-scooters to e-bikes and e-mopeds, powered by the Energy Network.

Headquartered in Berlin, the company operates across 150+ cities across 16 countries in Europe and the Middle East.

A total of 135,000 e-scooters, e-bikes and e-mopeds across 150 cities in 16 countries. TIER plans to use the new raised funds for acquisitions and strategic investments. .TIER will also further invest in extending its multi-modal fleet across Europe and the Middle East along with rolling out the Energy Network. The Energy network is a set of battery charging stations hosted by local businesses.