Conventional scooters are being replaced by electric scooters in recent times for reasons such as lesser pollution, reduced impact on the environment and more. Though battery-operated scooters are becoming popular all over the world, Europe is progressing to become a significant market for the electric scooter companies. And, many electric scooter startups are budding in the European countries to set the trend.
One such electric scooter rental startup is Tier with its roots in Berlin. In a recent development, Tier has raised a Series A funding of €25 million from VC fund Northzone along with SpeedInvest and Point Nine. Tier plans to scaleup its team and expand its services to additional cities in Europe.