German e-mobility company Tier purchases bike-sharing firm NextbikeReading Time: < 1 minutes
Tier, a German shared mobility company with a presence in Hungary, Slovakia, Poland, is buying the bicycle sharing company Nextbike, it announced. The news comes after Tier’s USD 200mn funding round at the end of October.
Tier is present in 148 cities in 16 countries, and combined with Nextbike will operate over 250,000 vehicles in more than 400 cities. Nextbike was established in Leipzig in 2004 and now has a presence in several countries including Poland, Croatia, Czechia and Ukraine. Estonia’s Bolt, a peer of Tier and Nextbike, closed a USD 700 million funding round in August.