TIER Mobility raises US$60 million in its Series B led by Mubadala Capital and Goodwater Capital
Summary
TIER Mobility will use proceeds to accelerate its European expansion strategy and continue to build the leading micro-mobility platform for citizens, city authorities and public transportation partners. Since its funding round in February 2019, TIER Mobility has expanded operations to over 40 cities in 12 countries, established strong leadership positions in key strategic markets and launched 4 iterations of scooter hardware. With their deep experience supporting consumer tech entrepreneurs around the world, they will help us accelerate our expansion plans, bringing the mobility revolution to the largest possible number of users worldwide". Mubadala Investment Company actively manages a worldwide portfolio supporting the vision of a globally integrated and diversified economy, through sustainable returns to its shareholder, the Government of Abu Dhabi. Operating out of London, New York, Montreal, Paris, Tokyo and Hong-Kong, its presence, perspective and people enable it to partner closely with Founders to help them scale internationally from Series A onwards.