INSUBCONTINENT EXCLUSIVE:
Tier, the European e-scooter rentals startup that operates in 55 cities across 11 countries, has topped up its funding for the second time
in four months.The Berlin-based company has extended its Series B round to over $100 million, up from $60 million disclosed in October
Part one of the Series B was co-led by Mubadala Capital and Goodwater Capital.Tier says the additional funds will be invested in R-D in
order to create further efficiency and for vehicle development
startup Pushme Bikes, a manufacturer of replaceable batteries and other mobility-related hardware
e-scooters has already seen 80% of its fleet replaced with scooters using swappable battery technology, which in turn is helping drive much
only to be driven back several hours later
Instead, on-location maintenance where possible is carried out and dead batteries are simply swapped out and taken by cargo e-bike
rental companies, Tier shunned gig economy workers for charging from the get-go, preferring to use a centralised system in order to maintain
fleet with newer hardware, Leuschner explained that the Okai-manufactured devices are being re-sold directly to German consumers for private
They have managed to deliver class-leading unit economics, enabling them to expand profitably in the winter
We are very much looking forward to partnering with this impressive team that is unrivalled in its execution as the company continues to
