TIER acquires nextbike
European micro-mobility provider TIER has today announced its acquisition of Leipzig-based bike share operator nextbike.
Through the acquisition, TIER will expand its portfolio of shared, light electric vehicles with rental bikes and e-bikes, which will make it one of the largest micro-mobility providers, across multiple two-wheeled modes, in the world. nextbike will leverage TIER's financial power, which was further bolstered by a recent Series D financing round of $200million.
The combined force of the two companies will create Europe's largest and most diverse micro-mobility provider with more than 250,000 vehicles in over 400 cities.
Lawrence Leuschner, CEO and Co-Founder of TIER Mobility, commented: "The acquisition of nextbike - with its unrivalled experience and relationships across hundreds of cities - is a unique opportunity to take bikeshare to the next level, getting more people out of cars and offering the most sustainable mobility solution."
Leonhard von Harrach, CEO nextbike: “We decided to partner with TIER because there is a significant common ground in our corporate cultures. Above all, however, we are united in our mission to make cities more liveable with our mobility services and to do something about traffic congestion, pollution and noise.”
Image of Leonhard von Harrach, CEO, nextbike and Lawrence Leuschner, CEO, TIER Mobility, courtesy of TIER Mobility.