TIER Mobility Revenue, Valuation, Funding & Investors

TIER Mobility is valued at $2B as of October 2021, a 30.3x multiple on its last reported $66M revenue.

Last TIER Mobility valuation

$2B

Series D · Oct 2021

Last TIER Mobility funding round

$198M

Series D · Oct 2021

TIER Mobility revenue

$66M

Series D · Oct 2021

Key investors in TIER Mobility

  • Speedinvest
  • Northzone
  • White Star Capital
  • RTP Global
  • Market One Capital
  • Novator

TIER Mobility Overview

About TIER Mobility

Berlin-headquartered TIER Mobility is a shared micromobility operator deploying e-scooters, e-bikes, and e-mopeds across more than 20 European cities. Founded in 2018, it powers vehicles with a proprietary energy network and focuses on climate-neutral operations to reduce urban car dependency.


Founded

2018

HQ

GermanyBerlin

Website

tier.app

Status

Privately held

Customer focus

B2C

Revenue model

Usage-based

Revenue

$66M (Oct 2021)

Valuation

$2B (Oct 2021)

TIER Mobility Valuation

TIER Mobility is currently valued at $2B, based on its Series D in October 2021.

The $198M round was led by Mubadala Capital and SoftBank Group, with participation from Velocity Partners, White Star Capital, M&G Investments, Speedinvest, Novator and 4 other investors.

TIER Mobility's valuation has grown 2.2x from $900M at its Series C in November 2020 to $2B in October 2021, across 2 priced rounds.

TIER Mobility valuation by funding round

Revenue multiple
TIER Mobility valuation by funding round
DateStageValuationRevenue Multiple
Oct 2021Series D$2B30.3x
Nov 2020Series C$900M13.6x

TIER Mobility Revenue

TIER Mobility's latest recorded revenue is $66M, as of its Series D in October 2021. At a $2B valuation, that implies a 30.3x revenue multiple.

Revenue moved from $66M in November 2020 to $66M in October 2021, while the revenue multiple moved from 13.6x to 30.3x.

TIER Mobility revenue by funding round

TIER Mobility revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Oct 2021$66M$2B30.3xSeries D
Nov 2020$66M$900M13.6xSeries C

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

TIER Mobility Funding History

TIER Mobility has raised a total of $586M across 6 funding rounds.

TIER Mobility's first fundraising round was a $2M seed round in October 2018. The most recent completed round was a $198M Series D in October 2021.

TIER Mobility funding rounds

TIER Mobility funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Oct 2021Series DMubadala Capital (lead); SoftBank Group (lead); Velocity Partners; White Star Capital; M&G Investments; Speedinvest; Novator; Stableton Financial; Mountain Partners; RTP Global; Northzone$198M$2BTIER Mobility is a Berlin-based electric micromobility company founded in 2018, offering app-based rentals of e-scooters, e-bikes, and e-mopeds across 150 cities in 16 countries, positioning itself as Europe's market leader through capital efficiency and operational excellence. The company completed the first close of its Series D funding round on October 25, 2021, raising $200 million in all-equity from co-leads Mubadala Capital and SoftBank Vision Fund 2, with participation from RTP Global, Novator, White Star Capital, Northzone, Speedinvest, M&G Investments, and Mountain Partners, at a $2 billion valuation. This tranche brought TIER's total equity and debt financing to $660 million. TIER has demonstrated strong growth, deploying 135,000 vehicles and completing over 80 million trips, replacing more than 13 million car rides, while winning key tenders in cities like London, Paris, Manama, and Doha. The funding supports acquisitions, strategic investments, international expansion in Europe and the Middle East, fleet multimodal extension, and rollout of its TIER Energy Network for battery charging stations. Previous rounds included a $250 million Series C in November 2020 led by SoftBank Vision Fund 2 with Mubadala Capital and others, building on earlier Series B tranches totaling over $100 million. Investors highlighted TIER's ESG leadership, sustainability focus, and rapid scaling in a competitive micromobility sector. Post-round, TIER continued operations, with later developments including a convertible note in 2023 and a merger in January 2024, alongside acquisitions like Fantasmo in 2022.
Nov 2020Series CSoftBank Group (lead); White Star Capital; Novator; Goodwater Capital; SOSV; Market One Capital; RTP Global; Northzone$250M$900MTIER Mobility is a German micromobility company offering shared e-scooter and e-bike services in cities across Europe, Qatar, the U.A.E., and Saudi Arabia. In November 2020, TIER raised $250 million in a funding round led by SoftBank Vision Fund, with participation from Goodwater Capital, Market One Capital, Northzone, Novator, RTP Global, SOSV, and White Star Capital. This round contributed to the company's total funding exceeding $500 million across multiple rounds by that time. For the full year 2020, around the time of the SoftBank-led round, TIER Mobility reported total revenues of 57.3 million euros, reflecting 63% growth from 2019. This figure captures the company's performance during a period of rapid expansion in urban micromobility services amid growing demand for sustainable short-distance transport alternatives to cars. TIER positioned itself as a leader in sustainable urban mobility, emphasizing climate neutrality achieved by 2020 and partnerships with municipalities. The funding supported further geographic expansion and fleet growth in over 260 cities across 22 countries by later years. Subsequent developments included additional rounds like a $200 million Series D in 2021 and a merger with Dott in 2024, consolidating operations under Dott while maintaining focus on reducing car dependency and emissions.
Feb 2020Series BNovator; RTP Global$40M-TIER Mobility is a Berlin-based electric micro-mobility platform founded in 2018 that operates an app-based vehicle rental service providing electric scooters, bicycles, and mopeds across multiple European cities and the Middle East. The company raised $60 million in late 2019 for its Series B funding round from investors including Axa Germany, Mubadala Capital, Goodwater Capital, Speedinvest, Point Nine Capital, Evli Growth Partners, White Star Capital, Northzone, Indico Capital Partners, Kibo Ventures, and Market One Capital. In February 2020, TIER increased its Series B round to more than $100 million through additional equity and debt financing from Axa Germany, RTP Global, Novator, and an undisclosed US-based debt fund.
Oct 2019Series BGoodwater Capital (lead); Point9; Evli Growth Partners; AXA; Nico Rosberg; White Star Capital; Speedinvest; Kibo Ventures; Market One Capital; Indico Capital Partners; Northzone$60M-TIER Mobility is a Berlin-based electric scooter, bicycle, and moped rental service founded in 2018, operating an app-based platform for micro-mobility across European cities. The company raised $60 million in the first tranche of its Series B funding round in late 2019 (announced October 8, 2019), led by Mubadala Capital and Goodwater Capital, with participation from AXA Germany, Evli Growth Partners, and existing investors including White Star Capital, Northzone, Speedinvest, Point Nine Capital, Indico Capital Partners, Kibo Ventures, Market One Capital, and individuals like Nico Rosberg. The funds were intended to accelerate European expansion, build the leading micro-mobility platform for citizens, cities, and public transport partners, invest in vehicle development, fleet growth, management team, and potential M&A. By October 2019, TIER had expanded to over 40 cities in 12 countries, achieving 10 million rides in 11 months since launch, claiming to be the fastest-growing mobility company. It emphasized capital efficiency, positive unit economics, and operations like swappable battery scooters for climate neutrality. This initial $60M tranche was later extended to over $100M in February 2020 with additional equity from RTP Global, Novator, and debt from a US fund. TIER focused on sustainable, shared electric mobility, deploying tens of thousands of vehicles and building energy networks for charging.
Oct 2018Series ANorthzone (lead); Nico Rosberg; Point Nine; White Star Capital; Speedinvest; Kibo Ventures; Market One Capital; Indico Capital Partners$36M-TIER Mobility is a Berlin-based electric scooter rental startup founded in 2018 by Lawrence Leuschner (CEO), Julian Blessin (CPO), and Matthias Laug (CTO), offering on-demand e-scooters for last-mile urban travel via an app with a €1 unlock fee and €0.15 per minute. The company positions itself as a sustainable alternative to polluted, ineffective city transport, emphasizing collaboration with local governments. Its first launch was in Vienna, with plans for European expansion. On approximately October 23, 2018, TIER raised a Series A round led by Northzone, with participation from Speedinvest, Point Nine, and others including Indico Capital Partners, Kibo Ventures, Market One Capital, Nico Rosberg, and White Star Capital. Sources report the round size variably as €25 million or $28.5-36 million, marking the largest funding for a European e-scooter company at the time and signaling competitive interest in building a European leader akin to Bird or Lime. Later developments include a Series D in October 2021 raising $200 million at a $2 billion valuation from investors like Mubadala, SoftBank, and Northzone, and total funding exceeding $667 million across multiple rounds by 2024, culminating in a merger. TIER expanded to over 150 cities, focusing on sustainable micro-mobility amid post-pandemic urban transport shifts.
Oct 2018SeedSpeedinvest (lead); Point Nine$2M--

Who has invested in TIER Mobility?

21 investors have backed TIER Mobility across its funding rounds, including Speedinvest, Northzone, White Star Capital, RTP Global, Market One Capital and Novator.

Lead investors include Mubadala Capital, SoftBank Group, Goodwater Capital, Northzone and Speedinvest.


TIER Mobility Investors

Investors in TIER Mobility by funding rounds participated
InvestorHQRoundsRoleFirst check
White Star CapitalUnited StatesNew York City, NY4ParticipantOct 2018
SpeedinvestAustriaVienna4LeadOct 2018
NorthzoneUnited KingdomLondon4LeadOct 2018
NovatorUnited KingdomLondon3ParticipantFeb 2020
Market One CapitalPolandWarsaw3ParticipantOct 2018
RTP GlobalUnited KingdomLondon3ParticipantFeb 2020
Nico RosbergMonacoMonaco2ParticipantOct 2018
SoftBank GroupJapanTokyo2LeadNov 2020
Point NineGermanyBerlin2ParticipantOct 2018
Goodwater CapitalUnited StatesSan Francisco, CA2LeadOct 2019
Kibo VenturesSpainMadrid2ParticipantOct 2018
Indico Capital PartnersPortugalLisbon2ParticipantOct 2018
Point9--1ParticipantOct 2019

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Acquisitions by TIER Mobility

TIER Mobility has acquired 7 companies to date.

Last acquisition by TIER Mobility was on January 10th 2024. TIER Mobility acquired Dott for $165M.


Latest Acquisitions by TIER Mobility

Dott
Fantasmo.io
Spin
Vento Mobility
Description
Dott is a micromobility operator offering shared electric scooters and bikes across European cities. Its vehicles feature wide decks, optimized gravity centers, and dual braking systems for safety. The company serves urban areas like Paris and Amsterdam with sustainable transport rentals.
Fantasmo is a Venice-headquartered company founded in 2014, providing a decentralized open-source stack for 3D mapping and camera positioning applicable to AR applications, robotics, and mixed reality experiences indoors and outdoors.
Spin is a San Francisco-headquartered micromobility operator deploying dockless electric scooters and bikes in urban areas and college campuses. Launched in 2017, the company operates in over 100 cities worldwide, including partnerships with universities like Purdue and municipalities in Germany. Acquired by Ford in 2018 and later spun out under GM's Cruise in 2020 before regaining independence, Spin emphasizes lightweight vehicles with swappable batteries and app-based ride sharing.
Vento Mobility is a Barcelona-based operator of shared micromobility services renting electric scooters and bikes in urban areas across Spain and Portugal. Launched in 2021, it deploys over 5,000 vehicles with app-based docking stations and integrates with public transit systems for last-mile connectivity.
HQ CountryNetherlandsUnited StatesUnited StatesItaly
HQ City
Amsterdam
-
San Francisco, CA
Turin
Deal Date10 Jan 202431 Mar 20223 Mar 202216 Dec 2021
Valuation$165Mundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Investments by TIER Mobility

TIER Mobility has invested in 1 company to date.

Latest investment by TIER Mobility was on February 6th 2022. TIER Mobility invested in SWING in their $24M Series B round.


Latest Investments by TIER Mobility

SWING
Description
SWING is a micro-mobility service provider deploying electric vehicles for short urban trips in select markets. Its fleet includes scooters and bikes accessible via app-based rentals, docking stations, and contactless payments. Operations emphasize sustainable transport alternatives integrated with public transit systems.
HQ CountrySouth Korea
HQ City
Seoul
Deal Date6 Feb 2022
RoundSeries B
Raised$24M
InvestorsHashed; MC Credit Partners; Smilegate Investment; White Star Capital; Humax Holdings
Valuationundisclosed
EV/Revenue
EV/EBITDA

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TIER Mobility Competitors

TIER Mobility competitors include listed companies like Lime, Aima Technology Group and Bajaj Mobility, and private ones like Bird, TOGO and ofo.

Public and private companies comparable to TIER Mobility
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
LimeUnited StatesUnited StatesPublicly listed$887M$87M$2B-
Aima Technology GroupChinaChinaPublicly listed$3.7B$422M$2.8B0.6x
BirdUnited StatesLos Angeles, CAPrivate$245M-$2.9B11.6x
TOGOChinaBeijingPrivate--$1.4B-
ofoChinaChinaPrivate--$3B-
Bajaj MobilityAustriaAustriaPublicly listed$1.2B$1B$1.1B-

TIER Mobility Public Comps

TIER Mobility is still privately-owned, but its public comps include Lime, Aima Technology Group, Bajaj Mobility, Youon Technology, Piaggio, Phoenix Bicycle, BiNBiN, LiveWire, Martı and Ninebot.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Lime$887M$87M2.2x-22.2x-
Aima Technology Group$3.7B$422M0.6x0.6x5.3x6.0x
Bajaj Mobility$1.2B$1B1.8x-2.0x-
Youon Technology$61M($17M)6.2x-(22.7x)-
Piaggio$1.7B$284M0.8x0.7x4.7x4.5x
Phoenix Bicycle$322M$30M1.6x-16.8x-
BiNBiN$11M($12M)30.9x-(27.8x)-
LiveWire$26M($66M)12.3x12.3x(4.8x)-

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Common questions about TIER Mobility

When was TIER Mobility founded?TIER Mobility was founded in 2018.
Where is TIER Mobility headquartered?TIER Mobility is headquartered in Berlin, Germany.
Is TIER Mobility publicly listed?No, TIER Mobility is a private, VC-backed company.
What is TIER Mobility's valuation?TIER Mobility was last valued at $2B in its Series D in October 2021.
How much funding has TIER Mobility raised?TIER Mobility has raised $586M across 6 funding rounds.
What was TIER Mobility's last funding round?TIER Mobility's last funding round was a $198M Series D in October 2021, led by Mubadala Capital and SoftBank Group.
Who are TIER Mobility's investors?TIER Mobility's investors include White Star Capital, Speedinvest, Northzone, Novator, Market One Capital, RTP Global, Nico Rosberg, SoftBank Group, Point Nine, Goodwater Capital and 11 others.
What is TIER Mobility's revenue?TIER Mobility's latest recorded revenue is $66M (October 2021).
What is TIER Mobility's revenue multiple?TIER Mobility's latest valuation implies a 30.3x revenue multiple ($2B valuation on $66M of revenue).
Which companies are comparable to TIER Mobility?Companies comparable to TIER Mobility include Lime, Aima Technology Group, Bird, TOGO, ofo and Bajaj Mobility.
How many companies has TIER Mobility acquired?TIER Mobility has acquired 7 companies, including Dott, Fantasmo.io, Spin, Vento Mobility and Nextbike.
What was the largest acquisition by TIER Mobility?The $165M acquisition of Dott in January 2024 is the largest acquisition TIER Mobility has made to date.
How many companies has TIER Mobility invested in?TIER Mobility has invested in 1 company, including SWING.
What was TIER Mobility's last investment?In February 2022, TIER Mobility invested in SWING's $24M Series B alongside Hashed, MC Credit Partners, Smilegate Investment and 2 other investors.

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