It was only in November last year, when TIER Mobility bagged the largest funding round ever for a European e-scooter brand which was $250 million (£188.5 million approx.) Series C funding round led by SoftBank Vision Fund 2.

Now the micro-mobility brand is in the news again. Just days ahead of London’s e-scooter rental launch, TIER Mobility has secured $60 million (nearly £42.5 million) of asset-backed funding from Goldman Sachs.

The debt facility from the leading investment banking, securities and investment management firm is the first of such scale in micro-mobility and will fuel TIER’s e-scooter fleet expansion for 2021. It also follows news that TIER has won the hugely competitive London e-scooter tender, after enjoying similar success in the highly-prized Paris and Dubai bids.

As well as helping to extend international coverage across strategic growth markets and enabling investment in a multi-modal fleet of electric scooters, bicycles and…

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