European e-scooter operator TIER Mobility searches for merger

Berlin-based e-scooter operator TIER Mobility is working for a potential merger with bankers at Qatalyst Partners, Sky News reported on Monday.

According to the report, months ago TIER was said to be working with Rothschild to raise millions of pounds of additional fund. However, the talks did not produce satisfactory terms for the company.

TIER bought bike-sharing firm Nextbike in 2021 to create Europe’s largest provider of shared lightweight vehicles. TIER Mobility operates in ten countries and has around 900 employees according to its website.