Two of the best-known names in micromobility, Tier and Dott have announced a preliminary agreement to bring the two companies together to form Europe’s leading micro-mobility operator.
The joint entity will continue to operate under the Tier and Dott brands, combining expertise to provide riders and cities with a safe and reliable service as the champion shared mobility provider in Europe.
The transaction is subject to several conditions, and will be only effective upon their fulfilment and closing, expected within the next two months.
Together, the companies generate combined revenues of €250M, supporting over 125M trips a year in more than 20 countries. With operations in major global cities including Berlin, Brussels, Dubai, Helsinki, London, Madrid, Paris, Rome, Tel Aviv and Warsaw, the business will be well positioned to be profitable and support the transition to more sustainable transport.
The Berlin headquartered company will benefit from the experience of the founders and leadership from TIER and Dott: Lawrence Leuschner as chairman, Henri Moissinac as CEO, Maxim Romain as COO, and Alex Gayer as CFO.
“I am delighted to join forces with Dott, further strengthening our position as the European micro-mobility champion and marking the next phase in the development of the industry. I look forward to providing a record number of rides in 2024,” says Leuschner, cofounder of Tier
Henri Moissinac, cofounder of Dott, adds: “We are very optimistic about the future of shared micromobility. Cities are adapting to reduce car dependency, and encouraging people to make sustainable transport choices. We have built a service that users love, operated in a responsible way.”
Riders will continue to access Tier and Dott vehicles through their respective apps, with more convergence possible in the future.
