Tier Mobility Raises $60M in Asset-Backed Financing

Tier Mobility

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 countries in Europe and the Middle East. Investors include SoftBank Vision Fund 2, Mubadala Capital, Northzone, Goodwater Capital and White Star Capital.