TIER, Europe’s leading retailer, today announced the initial closure of its $ 200 million (approximately 145 million) database to maintain its status as a funded platform.
As part of the public and credit consolidation, this cash flow was led by investors including SoftBank Vision Fund 2, Mubadala Capital, and added new partners such as M&G Investments, a green fund. For $ 2 billion, TIER has raised $ 660 million to support the loan debt so far.
The funding will provide TIER with more tools to complete its Change Mobility For Good mission by providing the most secure solution.
Amer Daily, Director of Mudaladala Capital – Ventures, Europe: “Lawrence, Matthias and Alex’s desire for change can be heard in the conference – from the ITER center in Dubai to their HQ in Berlin. But as part of his continued commitment. living with Lawrence and his team in the years to come.
Niranjan Sirdeshpande, Managing Director, Investment Group of M&G’s Catalyst: “TIER has shown strong growth over the past three years, increasing productivity, building valuable partnerships, and winning top-level tents. We are happy. TIER is building on its status as the first micro-mobility company in Europe and accelerating its success in this competitive business.
Alex Gayer, Chief Financial Officer at ITER: “The confidence and confidence of our new and existing customers will help us accelerate the growth process and integrate the ITIER market management. TIER at the European micro-mobility powerhouse, based on our current position as the first player in the cryptocurrency market segment.
Lawrence Leuschner, CEO and Co-Founder of TIER Mobility: “Funding provides TIER with more resources to achieve our goal of Transform Mobility For The Better.
Leading micro-mobility service
Founded in 2018 by Lawrence Leuschner, Matthias Laug, and Julian Blessin, TIER offers people a wide range of clean electric vehicles, from scooters to bicycles and e-mopeds, led by the Power Network. It helps cities reduce their reliance on traffic. Based in Berlin, the company operates in 150+ cities in 16 countries in Europe and the Middle East. It focuses on providing safe, stable, portable, and affordable solutions from 2020.
To date, the German company has installed 135,000 scooters, bicycles, and mopeds in 150 cities in 16 countries. TIER hopes to invest in sales and marketing as it expands its global presence in emerging markets. TIER will continue to expand its fleet in Europe and the Middle East and continue to develop its new fleet of ports.