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TIER gets £145m backing from new investors

Business

02 November 2021
 

Micromobility firm TIER has secured $200m (£145m) funding, with existing investors SoftBank Vision Fund 2, Mubadala Capital, RTP Global, Novator, White Star Capital, Northzone, and Speedinvest joined by new partners like a green impact fund M&G Investments and global investment holding Mountain Partners.

TIER reports that it has a $2bn valuation, and has so far raised a total of $660m in equity and debt funding to date.

The German firm vsaid it has deployed 135,000 hire e-scooters,...

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