June 19, 2021
Scam/Fraud

TIER Mobility raises £42.5M funding from Goldman Sachs to fuel fleet expansion ahead of London launch

It was only in November last year, when TIER Mobility bagged the largest funding round ever for a European e-scooter brand which was $250 million (£188.5 million approx.) Series C funding round led by SoftBank Vision Fund 2.

Now the micro-mobility brand is in the news again. Just days ahead of London’s e-scooter rental launch, TIER Mobility has secured $60 million (nearly £42.5 million) of asset-backed funding from Goldman Sachs.

The debt facility from the leading investment banking, securities and investment management firm is the first of such scale in micro-mobility and will fuel TIER’s e-scooter fleet expansion for 2021. It…

Read full article here: www.uktech.news