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TIER gets £45m backing from Goldman Sachs

Micro-Mobility

15 June 2021
 

Micro-Mobility business TIER has raised $60m (£45m) in asset-backed financing from multinational investment bank Goldman Sachs. TIER, who also recently secured $250m (£177m) Series C funding round led by SoftBank Vision Fund 2, said the investment will enable it to expands its fleet.

TIER is one of three e-scooter operators, along with Lime and Dott, appointed by Transport for London to run a 12-month hire trial in the capital (LTT 31 May).

The new capital will enable investment in...

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