Europes leading e-scooter startup TIER raises €211.2 million Series C funding led by SoftBank to accelerate growth
Summary
Since its 2018 launch, TIER has established itself as the Europe’s market leader through capital efficiency and operational excellence as it deployed 60.000 e-scooters across 80 cities in ten countries. TIER is revolutionising urban transport with innovative new technologies and micro-mobility solutions that significantly reduce car traffic and free cities from emissions and congestion. In addition to the closed Series C investment round, TIER is currently in the process of securing a significant debt facility to fund vehicle expansion. We are excited to partner with SoftBank Vision Fund and will substantially benefit from their vast experience in building global leaders in mobility.” Yanni Pipilis, Managing Partner at SoftBank Investment Advisers, stated: “Micro-mobility fills a large gap left by traditional urban car usage and presents a viable alternative to legacy transit systems. TIER has a proven track record in establishing long standing partnerships with cities and regulators, combined with a technology-led approach to develop leading customer propositions.