The scooter sharing platform developer has pulled in series C funding through a round led by SoftBank Vision Fund 2 that will support its entry into new markets.
Telecommunications and internet group SoftBank’s Vision Fund 2 led a $250m series C round for Germany-headquartered electric scooter rental service Tier today.
Vision Fund was joined by Abu Dhabi’s sovereign wealth fund, Mubadala Investment Company, which invested an eight-figure amount through its Mubadala Capital unit, along with Northzone, Goodwater Capital, White Star Capital, Novator and RTP Global.
Tier runs an app-based electric scooter rental service that uses a 60,000-strong scooter network stretched across 80 cities in 10 countries. The series…
