European e-scooter rental startups Tier and Dott are merging to form Europe's largest operator, with Tier's founder taking a non-executive chair position and Dott's founder becoming the CEO. The merger is backed by investors Mubadala, Sofina, and others, who are putting in €60M, valuing the new entity at €150m. The merger aims to offer unparalleled convenience and accessibility within the transportation sector, creating a significant impact in the micromobility market.
#MustRead: Two major players in the micromobility market, @tier_mobility and @Dott, are planning to merge to create one big transport offering in Europe. https://t.co/0Aqp4VTF6W
Two major players in the micromobility market, @tier_mobility and @Dott, are planning to merge to create one big transport offering in Europe. https://t.co/0Aqp4VTF6W
E-scooter rental startups Tier and Dott plan to merge, with their investors Mubadala, Sofina, and others putting in €60M, forming Europe's largest operator (@nick_carey / Reuters) https://t.co/btiORjSRJs 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/aTy2xtax6e
European scooter startups Tier and Dott are merging. Dott's founder becomes the CEO while Tier's founder takes a non-executive chair position. Valuation at €150m. https://t.co/YNeAVcN470
Together, the two enterprises are all set to offer unparalleled convenience and accessibility within the transportation sector. Read more: https://t.co/ztDdV2xJvm #partnership #customerexperience #onlinepayment #technology #cohortmax https://t.co/k1b9vyZOw9