According to a TV channel, Tier Mobility is considering a merger or its own sale due to capital requirements. To this end, the German e-scooter rental company has teamed up with investment bank Qatalyst Partners, Sky News reports. Tier declined to comment. Qatalyst could not be reached for comment.
According to the report, Tier had previously tried to raise several hundred million euros in new capital with the help of investment bank Rothschild. However, the negotiations did not go to Tier’s satisfaction.
Tier Mobility, in which Japanese technology investor Softbank has an interest, says it is active in 22 countries. The company also owns the bicycle rental company Nextbike.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
