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Cityscape image of Vienna, Austria, with St. Michael's Square at sunrise – before the rise of electric scooters
Today, TIER, the Berlin – based electric scooter hire start – up, has announced that it has secured 25 million euros in Series A financing, under the direction of Northzone with the participation of existing investors, Speedinvest and Point Nine. This is the most important financial support for a European company of this type.
Last week, 250 green electric scooters took to the streets of Vienna when Berlin start-up TIER launched its first scooter rental program.
Paul Murphy, Northzone's funding partner, said:Europe can accommodate two to three big players and we think that TIER can be one. "
Northzone currently manages 1 billion euros and was the first venture capital fund to invest in Spotify. It remained the largest external shareholder until 2014. The other startups in which it has invested include iZettle, Klarna and Lastminute.com.
Now he supports a five-month startup. Murphy is convinced that with the sharing of bikes, Europe is the market to conquer. "The United States will be an important market for the rental of electric scooters, but Europe has a population density four times higher than that of its American cities, and its cities are built for bicycles, "he said. -he declares.
He personally echoed the environmental arguments for an incentive for people to get off buses and cars to accessible and convenient electric scooters, and to reduce carbon emissions and pollution in blocked cities. However, what really convinces him that the team for which TIER is intended is the experience of the three co-founders in electric mobility and logistics.
"This will be an operationally complex activity where TIER could operate from multiple sites in multiple countries," Murphy said. "But we think the co-founders have the necessary experience to manage it and are already thinking beyond scooters for the next five to ten years."
The co-founders of TIER are Lawrence Leuschner, CEO, who founded and led reBuy, Julian Blessin, CPO, an experienced angel investor, who worked with start-up COUP, specializing in electric scooters. and Matthias Laug, CTO, senior consultant at Thought Works in Berlin and former CTO of Takeway.com.
If Murphy's expectations are right, Northzone expects TIER to raise new funding. The past year has been a flourishing year for funding electric mobility projects, with funds raised of about $ 900 million in July 2018, according to the newsletter. collaborative economy, Oversharing – although this figure also includes other forms of electrical transport, such as cycles.
The green scooters of TIERFLOOR
Scooter sharing systems have not been without problems, such as unloading scooters. In August, Tech Crunch reported that in In San Francisco, the Municipal Transportation Agency was reviewing licensing applications for 12 electric scooter services – including those of Lyft, Uber and Razor.
An older scooter in London told me that she had abandoned her scooter because the sidewalks were so uneven that she was stumbling forever. Be that as it may, the Highways Act of 1835 still prohibits driving "cars" on the pedestrian lane of London. Similar regulations apply in many other capitals.
"Scooters will be a problem because they are a new form of transit," he added. "But they will not succeed in creating the problems facing cars and combustion engines. in our cities, like pollution and carbon dioxide emissions. "
Murphy added that as city governments adopt the growing trend to make cities more humane, transportation would evolve by leaps and bounds.
You already see cities like Oslo, Frankfurt and Madrid making parts of the city totally free of combustion engines. London is difficult, but it will change. We believe that with the right infrastructure in place, people will make the right choices.
Indeed, Lawrence Leuschner, CEO of TIER, strongly believes that to solve any regulatory problem, we must work with the authorities in search of a lasting solution.
"What's also important is that we make sure that the day-to-day operation of our eScooter network is efficient and does not disrupt the city's everyday life, "he adds. "So in Vienna, we collect our eScooters every night and make sure they do not block public roads during the day."
After all, if you work with people who hold the key to the city, it is unlikely that they will unlock the doors and allow your electric scooters to enter.
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Cityscape image of Vienna, Austria, with St. Michael's Square at sunrise – before the rise of electric scooters
Today, TIER, the Berlin – based electric scooter hire start – up, has announced that it has secured 25 million euros in Series A financing, under the direction of Northzone with the participation of existing investors, Speedinvest and Point Nine. This is the most important financial support for a European company of this type.
Last week, 250 green electric scooters took to the streets of Vienna when Berlin start-up TIER launched its first scooter rental program.
Paul Murphy, Northzone's funding partner, said:Europe can accommodate two to three big players and we think that TIER can be one. "
Northzone currently manages 1 billion euros and was the first venture capital fund to invest in Spotify. It remained the largest external shareholder until 2014. The other startups in which it has invested include iZettle, Klarna and Lastminute.com.
Now he supports a five-month startup. Murphy is convinced that with the sharing of bikes, Europe is the market to conquer. "The United States will be an important market for the rental of electric scooters, but Europe has a population density four times higher than that of its American cities, and its cities are built for bicycles, "he said. -he declares.
He personally echoed the environmental arguments for an incentive for people to get off buses and cars to accessible and convenient electric scooters, and to reduce carbon emissions and pollution in blocked cities. However, what really convinces him that the team for which TIER is intended is the experience of the three co-founders in electric mobility and logistics.
"This will be an operationally complex activity where TIER could operate from multiple sites in multiple countries," Murphy said. "But we think the co-founders have the necessary experience to manage it and are already thinking beyond scooters for the next five to ten years."
The co-founders of TIER are Lawrence Leuschner, CEO, who founded and led reBuy, Julian Blessin, CPO, an experienced angel investor, who worked with start-up COUP, specializing in electric scooters. and Matthias Laug, CTO, senior consultant at Thought Works in Berlin and former CTO of Takeway.com.
If Murphy's expectations are right, Northzone expects TIER to obtain new funding. The past year has been a flourishing year for funding electric mobility projects, with funds raised of about $ 900 million in July 2018, according to the newsletter. collaborative economy, Oversharing – although this figure also includes other forms of electrical transport, such as cycles.
The green scooters of TIERFLOOR
Scooter sharing systems have not been without problems, such as unloading scooters. In August, Tech Crunch reported that in In San Francisco, the Municipal Transportation Agency was reviewing licensing applications for 12 electric scooter services – including those of Lyft, Uber and Razor.
An older scooter in London told me that she had abandoned her scooter because the sidewalks were so uneven that she was stumbling forever. Be that as it may, the Highways Act of 1835 still prohibits driving "cars" on the pedestrian lane of London. Similar regulations apply in many other capitals.
"Scooters will be a problem because they are a new form of transit," he added. "But they will not succeed in creating the problems facing cars and combustion engines. in our cities, like pollution and carbon dioxide emissions. "
Murphy added that as city governments adopt the growing trend to make cities more humane, transportation would evolve by leaps and bounds.
You already see cities like Oslo, Frankfurt and Madrid making parts of the city totally devoid of combustion engines. London is difficult, but it will change. We believe that with the right infrastructure in place, people will make the right choices.
Indeed, Lawrence Leuschner, CEO of TIER, strongly believes that to solve any regulatory problem, we must work with the authorities in search of a lasting solution.
"What's also important is that we make sure that the day-to-day operation of our eScooter network is efficient and does not disrupt the city's everyday life, "he adds. "So in Vienna, we collect our eScooters every night and make sure they do not block public roads during the day."
After all, if you work with people who hold the key to the city, it is unlikely that they will unlock the doors and allow your electric scooters to enter.
