TIER - About the company
TIER is a series D company based in Berlin (Germany), founded in 2018 by Lawrence Leuschner, Julian Blessin and . It operates as an App-based rental platform for electric kick-scooters. TIER has raised $660M in funding from investors like Northzone, Mubadala and SoftBank Vision Fund, with a current valuation of $2B. The company has 77 active competitors, including 11 funded and 9 that have exited. Its top competitors include companies like Lime, Revel and GoTo.
Sectors and market segments that TIER operate in
TIER serves in the B2C, B2B space in the Travel and Hospitality Tech, Auto Tech, Transportation and Logistics Tech, Energy Tech market segments.The primary business model of TIER are:Company Details
App-based rental platform for electric kick-scooters. Their platform enables users to locate, book, and unlock the scooters by using the mobile app. It offers features including variant payment options, traffic congestion optimization, and more. At the end of the ride, users need to park the vehicle at any public parking space. Also, it offers shared mobility solutions for corporates. Their scooters are equipped with swappable batteries that can be exchanged at various company stations all around the city. Their mobile app is available for both Android and iOS devices.
- Website
- Social
- Email ID
- @tier.app
- Phone Number
- +49
- Part Of
- ridedott.com
Key Metrics
Legal entities associated with TIER
TIER is associated with 2 legal entities given below:
Legal Entity Name | Date of incorporation | Revenue | Net Profit | Employee Count |
|---|---|---|---|---|
Dec 09, 2021 | - | 906 | 680 | |
May 27, 2021 | - | 801 | 979 |
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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 Series D round on Oct 25, 2021 for $200M. 10 investors participated in its latest round, lead by Mubadala and SoftBank Vision Fund.
TIER has 28 institutional investors including Northzone, Mubadala and SoftBank Vision Fund. There is only 1 Angel Investor in TIER.
Here is the list of recent funding rounds of TIER:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Oct 25, 2021 | $200M | Series D | $2B | - | |
Oct 25, 2021 | Undisclosed | Conventional Debt | - | - | |
Jun 02, 2021 | $60M | Conventional Debt | - | - |
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TIER's founders and board of directors
The founders of TIER are Lawrence Leuschner, Julian Blessin and . Lawrence Leuschner is the CEO of TIER. Lawrence Leuschner has founded 1 more company - Blue Impact.
TIER's board has 2 active members. Lawrence Leuschner and Julian Blessin are part of team.
View details of TIER's Founder profiles and Board Members
TIER's employee count trend
TIER has 10 employees as of Mar 24. The total employee count is 28.6% lower than what it was in Mar 23. Here is TIER's employee count trend over the years:
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Top competitors of TIER include Lime, Revel and GoTo. Here is the list of Top 10 competitors of TIER, ranked by ÃØÃÜÑо¿Ëù score :
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Overall Rank | Company Details | Short Description | Total Funding | Investors | ÃØÃÜÑо¿Ëù Score |
|---|---|---|---|---|---|
1st | Lime 2017, San Francisco (United States), Series D | App-based rental platform providing self-drive electric kick-scooter | $1.71B | AME Cloud Ventures, Bain CapitalÌý&²¹³¾±è;Ìý | 83/100 |
2nd | Revel 2018, Brooklyn (United States), Series B | App-based rental platform for electric scooters | $159M | Toyota Ventures, Evolution VC PartnersÌý&²¹³¾±è;Ìý | 68/100 |
3rd | App-based rental platform for electric kick-scooters | $660M | M&G, Goodwater CapitalÌý&²¹³¾±è;Ìý | 66/100 | |
4th | App-based platform offering multi-category self-drive vehicle rental services | $22.5M | Saber, The Telcar GroupÌý&²¹³¾±è;Ìý | 64/100 | |
5th | VeoRide 2017, West Lafayette (United States), Series A | App-based platform offering multi-category electric vehicle rental services | $16M | Interplay, UP PartnersÌý&²¹³¾±è;Ìý | 60/100 |
6th |  Helbiz 2016, New York City (United States), Public | App-based platform offering multi-category two-wheeler sharing services | $8M | Forever Mobility, Silva InternationalÌý&²¹³¾±è;Ìý | 53/100 |
7th |  Nexus Vehicle Rental 2000, Leeds (United Kingdom), Acquired | Provides vehicle rental management software for businesses | - | Gresham House Ventures, Bowmark CapitalÌý&²¹³¾±è;Ìý | 50/100 |
8th |  Xingxing Mobility 2019, Seoul (South Korea), Series B | App-based platform offering electric kick scooter and bicycle rental services | $15.6M | KB Investment, KICCÌý&²¹³¾±è;Ìý | 48/100 |
9th |  Gotcha 2009, Charleston (United States), Acquired | Provider of multi-modal electromobility services | - | 46/100 | |
10th | App-based platform offering multi-category electric-vehicle rental services | - | 44/100 |
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TIER's Investments and acquisitions
TIER has not made any investments yet. TIER has made 5 acquisitions. Here is the list of latest three acquisitions:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Mar 30, 2022 | Acquisition | 2014 | Los Angeles, United States | |
Mar 03, 2022 | Acquisition | - | ||
Nov 16, 2021 | Acquisition | - |
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Reports related to TIER
Here is the latest report on TIER's sector:
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News related to TIER
Media has covered TIER for a total of 4 events in the last 1 year, 1 of them has been about company updates and 1 about partnerships.
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Silicon Canals •Oct 01, 2024•TIER
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Intelligent Transport•Jan 24, 2024•TIER
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When was TIER founded?
TIER was founded in 2018.Where is TIER located?
TIER is located in Berlin, Germany.Is TIER a funded company?
TIER is a funded company, its first funding round was on 2018.When was the latest funding round of TIER?
TIER's latest funding round was on Oct 25, 2021.How much is TIER worth?
The latest valuation of TIER is $2B as on Oct 25, 2021.What is the annual revenue of TIER?
Annual revenue of TIER is undefined as on undefined.Is TIER a Road Transport Tech company?
The primary sectors of TIER are Road Transport Tech and Electric Vehicles.Our Lite Plan Awaits you - Its Free!
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