Europe's largest e-scooter company. While Bird went bankrupt and Lime struggled, Tier survived by being the most operationally disciplined micromobility company in the world. Operating in 260+ cities across 22 countries. They focused on profitability over growth, worked with cities instead of against them, and didn't burn cash like their American competitors. The German approach to scooters: methodical, profitable, and not bankrupt.
Founded
2018
HQ
Berlin, Germany
Total Raised
$660 million
Founder
Lawrence Leuschner, Matthias Laug, Julian Blessin
Status
Private
Website
www.tier.appTHE ORIGIN STORY
Lawrence Leuschner saw what was happening with Bird and Lime in the US — electric scooters dropped on sidewalks, cities furious, companies burning cash. He thought Europe needed a different approach.
In 2018, he founded Tier in Berlin with Matthias Laug and Julian Blessin. Their thesis: micromobility would work in Europe, but only if you cooperated with cities instead of launching guerrilla-style like Bird.
Tier applied for permits before deploying, partnered with public transit systems, and focused on unit economics from day one.
WHAT THEY ACTUALLY DO
Rental micromobility. Users rent e-scooters (and e-bikes) by the minute through the Tier app.
Revenue comes from per-minute rental fees. Tier also earns from advertising partnerships and government contracts for mobility data.
The company has expanded into e-bikes and e-mopeds. Sustainability is a core brand value — they use swappable batteries, recyclable scooters, and carbon-offset programs.
THE PRODUCTS
E-Scooter Rental — per-minute e-scooter rental in 260+ cities. E-Bike Rental — pedal-assist electric bikes.
E-Moped Rental — seated electric mopeds in select cities. Tier Energy Network — battery swapping infrastructure.
HOW THEY GREW
City cooperation over city invasion. While Bird and Lime dropped scooters without permission (and got banned), Tier applied for licenses, worked with transit agencies, and positioned itself as a partner, not a nuisance.
This gave Tier access to cities that banned competitors. The "responsible operator" brand won European government contracts.
THE HARD PART
MONEY TRAIL
Series A
2018 · Led by Northzone
$25M raised
Series B
2019 · Led by Mubadala
$55M raised
Series D
2021 · Led by SoftBank
$200M raised
$2.0B valuation
Debt
2022 · Led by Goldman Sachs
$100M raised
WHO BACKED THEM
SoftBank Vision Fund 2, Mubadala, Goodwater Capital, and Northzone invested. The $200M Series D in 2021 reflected peak micromobility optimism.
Tier has also acquired competitors (Spin from Ford, Nextbike) to consolidate market share.
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