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TIER MOBILITY

Netfigo Verdict
on Tier Mobility

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

THE 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

Micromobility margins are thin. Scooters get vandalized, stolen, and broken.

Weather dependency is real — usage drops in winter. Competition from Lime (which survived), Bolt, and Voi keeps pricing low.

The entire micromobility sector has struggled to prove it can be consistently profitable at scale.

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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