EU Rental Scooter Firm Tier Has Another Round of Funding

Posted by at 8:31 pm on February 25, 2020

Tier, the Berlin-based e-scooter rentals startup that operates in 55 cities across 11 countries, has added funding for a second time in four months.

The firm has extended its Series B round to over $100 million, up from $60 million disclosed in October. The additional capital is a mix of equity and debt financing provided by Moscow’s RTP Global, London’s Novator and an unnamed U.S. debt fund.

Tier says the additional funds will be invested in R&D in order to create further efficiency and for vehicle development.

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