Tier Mobility secures $60 million from Goldman Sachs
Micromobility provider Tier Mobility has secured additional capital to drive the expansion of its fleets. The Berlin-based company is receiving $60 million (49 million euros) in loan financing from Goldman Sachs.
The loan was apparently conditional on the previous $250 million financing round in autumn 2020, but Goldman Sachs also considered business performance in the Covid 19 crisis and winning tenders in London, Paris and Dubai.
“Tier has built a proven track record of profitable asset economics and asset longevity even in the midst of a global pandemic,” said Ben Payne, managing director at Goldman Sachs. “We’re excited to help the European leader extend sustainable mobility to more people around the world.”
Tier Mobility e-scooters now available in 100 cities
The sharing service is on expansion course in Eastern Europe; also widens battery swap network.
Tier Mobility has launched its service in Kraków, Poland and says it is the 100th city where it made its e-scooters available. Other light electric vehicles are also coming in as the Berlin-based start-up increases its multimodal share.
Tier Mobility further announced that it would launch its service in Slovakia and Hungary, and Ireland following an expected e-scooter regulation in the Republic. Poland is the company’s 12th market, and Tier says this year will see it significantly extend its coverage in Europe and the Middle East and new markets worldwide.