Tier Mobility has raised $60m to expand its e-scooter service, which now offers 20,000 scooters across 40 cities and 12 countries. The Mubadala-based start-up has reported 10 million rides so far, with a target of up to five million rides weekly. The company has raised $95m in total and is currently upgrading its scooter fleet. The recent series B funding round was co-led by Mubadala Capital and Goodwater Capital, with backing from investors including Axa Germany, Evli Growth Partners and former Formula One driver Nico Rosberg.
Tier Mobility has raised $60m to expand its e-scooter service, which now offers 20,000 scooters across 40 cities and 12 countries. The Berlin-based start-up has reported 10 million rides so far, with a target of up to five million rides weekly. The company has raised $95m in total and is currently upgrading its scooter fleet. The recent series B funding round was co-led by Mubadala Capital and Goodwater Capital, with backing from investors including Axa Germany, Evli Growth Partners and former Formula One driver Nico Rosberg.