TIER

Business Spotlight - - TECHNOLOGY -

E-scooter com­pa­nies are gain­ing mo­men­tum in Europe. Ber­lin-based TIER has se­cured €25 mil­lion in a fund­ing round led by Stock­holm’s North­zone ven­ture cap­i­tal firm. TIER in­tends to use the funds to drive its ex­pan­sion across Europe and it has al­ready launched in Vi­enna. Like US pi­o­neers Bird and Lime, TIER of­fers the low-cost ren­tal of elec­tric scoot­ers placed around city streets. The users only need to un­lock the scooter via the app and leave the ve­hi­cle any­where after they’ve fin­ished. It costs €1 to un­lock the scooter and then €0.15 per minute of travel. www.tier.app

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