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The funding will help fuel the company's expansion in the Middle East and Europe

Tier Mobility, a Berlin, Germany-based e-scooter operator, secured $60m of asset-backed financing from Goldman Sachs. This debt facility, which follows a $250m Series C funding round raised in November last year – will accelerate Tier’s e-scooter fleet expansion for 2021. Founded in 2018 by Lawrence Leuschner, Matthias Laug and Julian Blessin, Tier Mobility is a shared micro-mobility provider offering people a range of shared, light electric vehicles, from e-scooters to e-bikes and e-mopeds, powered by a proprietary Energy Network. The company currently operates in 100+ cities across 12 ...

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...

Berlin-based Tier Mobility has raised $60 million to help the e-scooter company expand its fleet and its network of battery charging stations in 2021. The funds, which come from investment banking firm Goldman Sachs, come just weeks after Tier was awarded the London e-scooter pilot permit, alongside Lime and Dott. With a major new city on the horizon and hints of further expansion plans, Tier will need a significant upfront investment to cover everything from fleet orders to local warehouses to new teams.

Berlin-based Tier Mobility has raised $60 million to help the e-scooter company expand its fleet and its network of battery charging stations in 2021. The funds, which come from investment banking firm Goldman Sachs, come just weeks after Tier was awarded the London e-scooter pilot permit, alongside Lime and Dott. With a major new city […]