TIER - About the company
TIER is a series D company based in Berlin (Germany), founded in 2018 by Lawrence Leuschner and Lawrence Leuschner. It operates as an Operator of shared electric scooters and bicycles for urban transit. TIER has raised $660M in funding from investors like Northzone, Mubadala and SoftBank Vision Fund, with a current valuation of $2B. The company has 150 active competitors, including 15 funded and 10 that have exited. Its top competitors include companies like Lime, Revel and VeoRide.
Sectors and market segments that TIER operate in
TIER serves in the Energy Tech, Auto Tech, Travel and Hospitality Tech, Transportation and Logistics Tech market segments.The primary business model of TIER are:- Energy Tech > Electric Vehicles > ***** **** > ***** ******
- Auto Tech > Electric Vehicles > ***** **** > ***** ******
- Travel and Hospitality Tech > Road Transport Tech > ***** **** > ***** ******
- Auto Tech > Road Transport Tech > ***** **** > ***** ******
- Transportation and Logistics Tech > Road Transport Tech > ***** **** > ***** ******
Company Details
Operator of shared electric scooters and bicycles for urban transit. The vehicles are available for short term rental to facilitate movement within metropolitan areas. The service provides access to motorized personal transport options through a digital interface. Maintenance and fleet management are handled internally to support vehicle availability.
- Website
- tier.app
- Email ID
- *****@tier.app
- Phone Number
- +49 **********
- Registered Address
- c/o WeWork Eichhornstr. 3, 10785 Berlin
Key Metrics
Founded Year
2018
Location
Berlin, Germany
Stage
Series D
Total Funding
$660M in 11 rounds
Latest Funding Round
Post Money Valuation
$2B as on Oct 25, 2021
Ranked
3rd among 150 active competitors
Employee Count
413 as on May 31, 2026
Legal entities associated with TIER
TIER is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Tier Mobility SE CIN: F1103_HRB236551B , Germany, Active | Dec 09, 2021 | - | 930 (As on Dec 31, 2022) | |
Tier Mobility GmbH CIN: F1103_HRB198977B , Germany, Active | Aug 16, 2018 | - | - | |
TIER Mobility Denmark ApS CIN: 42451630 , Denmark, Active | May 27, 2021 | - | 10 (As on Mar 31, 2024) |
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TIER's funding and investors
TIER has raised a total funding of $660M over 11 rounds. Its first funding round was on 2018. Its latest funding round was a Conventional Debt round on Oct 25, 2021 for an undisclosed amount. 3 investors participated in its latest round. TIER has 29 institutional investors and 1 angel investor.
Here is the list of recent funding rounds of TIER:
Filter this list
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 25, 2021 | Undisclosed | Conventional Debt | - | - | - | |
Oct 25, 2021 | $200M | Series D | $2B | - | ||
Jun 02, 2021 | $60M | Conventional Debt | - | - | - |
View details of TIER's funding rounds and investors
TIER's founders and board of directors
Founder? Claim ProfileThe founders of TIER are Lawrence Leuschner and Lawrence Leuschner. Lawrence Leuschner is the CEO of TIER.
Here are the details of TIER's key team members:
- Lawrence Leuschner: Co-Founder & CEO of TIER and founder of 1 other company. They are also an angel investor in 15 startups and serve on the board of 1 company.Contact Info: 1 email address
- Lawrence Leuschner: Former Co-Founder of TIER and founder of 3 other companies, Rebuy, Capacity and Blue Impact. They serve on the board of 1 company.
TIER's Board of Directors
TIER's board has 2 active members. Lawrence Leuschner and Julian Blessin are part of team.Here is the list of TIER's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 8y 1m | |
Team | - | Current | 8y 1m |
View details of TIER's Founder profiles and Board Members
TIER's employee count trend
TIER has 413 employees as of May 26. Here is TIER's employee count trend over the years:
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TIER's Competitors and alternates
Top competitors of TIER include Lime, Revel and VeoRide. Here is the list of Top 10 competitors of TIER, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Lime 2017, San Francisco (United States), Public | App-based rental platform providing self-drive electric kick-scooter | $1.4B | 84/100 | |
2nd | Revel 2018, Brooklyn (United States), Series B | App-based rental platform for electric scooters | $159M | 71/100 | |
3rd | Operator of shared electric scooters and bicycles for urban transit | $660M | 67/100 | ||
4th | VeoRide 2017, West Lafayette (United States), Series A | App-based platform offering multi-category electric vehicle rental services | $16M | 66/100 | |
5th | OK Mobility 2004, Palma (Spain), Unfunded | Online platform offering multi-category vehicle rental services | - | - | 59/100 |
6th | Provider of electric two-wheeler rental services | $17.9M | 58/100 | ||
7th | Nexus Vehicle Rental 2000, Leeds (United Kingdom), Acquired | Provides vehicle rental management software for businesses | - | 57/100 | |
8th | Operator of shared use scooters and bicycles for urban transport | $42.6M | 55/100 | ||
9th | Digital marketplace connecting customers with rental providers for bikes, e-bikes and more | $7.01M | 55/100 | ||
10th | Helbiz 2016, New York City (United States), Public | App-based platform offering multi-category two-wheeler sharing services | $8M | 55/100 |
Looking for more details on TIER's competitors? Click here to see the top ones
TIER's Investments and acquisitions
TIER has acquired 3 companies including Fantasmo, Makery and Pushme. TIER has not made any investments as of now.Here is the list of its acquisitions:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Mar 30, 2022 | Acquisition | 2014 | Los Angeles (United States) | |
Apr 08, 2021 | Acquisition | 2015 | Budapest (Hungary) | |
Jan 2020 | Acquisition | 2016 | London (United Kingdom) |
See all acquisitions by TIER
Reports related to TIER
Here is the latest report on TIER's sector:
News related to TIER
Media has covered TIER for 1 event in last 1 year, It was about partnerships.
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Tier becomes Dott following the merger of the two micromobility companiesTechCrunch+•Oct 01, 2024•Dott, TIER
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Dott and Tier Merge for a Unified Micromobility Future in EuropeGlobal Village Space•Oct 01, 2024•Dott, TIER
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nextbike reclaims independence and charts growth path with new partnershipIntelligent Transport•May 01, 2024•nextbike, TIER
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Tier sells Nextbike to private equity firmITS International•Apr 30, 2024•TIER, STAR Capital Partnership, nextbike
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NS and TIER partner to offer e-bikes in NS App in The NetherlandsIntelligent Transport•Jan 24, 2024•TIER
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E-scooters: Tier and Dott to merge as operators struggle for profitCity A.M.•Jan 10, 2024•Dott, TIER
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Micromobility startups Tier and Dott plan to merge to find a path to profitabilityTechCrunch+•Jan 10, 2024•TIER, Dott
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