Amsterdam-based shared micromobility company Dott raised funding in bonds and equity to upgrade e-bikes and e-scooters across Europe.

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Amsterdam-based Dott, a shared micromobility company, has announced the issuance of €70M in senior secured floating rate bonds in the Nordic market, part of a total framework of €150M known as the “Nordic Bonds.”

According to the company, the Nordic Bonds have a 4-year tenor and carry a floating interest rate of 3-month EURIBOR plus 800 basis points. Dott will apply for admission to trading of the bonds on Nasdaq Stockholm.

Raoul Gatzen, Group CFO of Dott, adds, “We are very satisfied with the strong reception from the Nordic bond market and the continued support of our shareholders, reflecting confidence in our solid post-merger operational performance and disciplined financial management. This issuance further strengthens our balance sheet, extends our debt maturity profile, and supports our FY2026 profitable growth plans as we renew our fleet across key European cities within our existing footprint.”

Dott is raising €15M in an extension round

Additionally, the company is raising a minimum of €15M in preferred equity to extend its existing Series D fundraising round, referred to as the “Series D Extension.”

The Dutch company will use the proceeds to acquire new e-bikes and e-scooters, refinance existing debt, and for general corporate purposes.

10% increase in user engagement

The announcement comes as the company sees more user engagement, with rides per rider increasing by 10 per cent YoY from 2024 to 2025.

Additionally, half of their rides are now made using passes, and the company continues to grow by attracting new users.

This funding will enable Dott to invest in a new fleet of e-bikes and e-scooters, further accelerating their growth.

The new vehicles will provide riders with greater comfort, longer range, improved availability, and more affordable options for smoother daily commutes, claims the company.

Profits, €60M in annual cost savings and more

 The announcement comes a couple of years after the TIER and Dott merger in 2024.

Since then, the company has successfully combined its operations to become a top micromobility provider in EMEA, serving over 400 cities in 21 countries.

This has resulted in over €60M in annual cost savings and made the company profitable at an adjusted EBITDA level.

The company expects to improve even more with new vehicles set to launch in 2026.

This effort began with the introduction of our new Dott e-bike in Paris, which aims to enhance the user experience, lower maintenance costs, and increase the lifespan of the vehicles.

Henri Moissinac, CEO and Co-Founder of Dott, comments, “Seven years after we created Dott, this successful and oversubscribed bond issuance demonstrates the strong support from investors for our mission and our strategy. Since the merger of TIER and Dott, we have delivered on our commitment to achieve EBITDA profitability and to build a resilient, sustainable business. This new financing allows us to continue investing in cleaner, safer vehicles and to further advance our mission to change mobility for good.”