We have signed an agreement to sell nextbike to STAR IV, a fund managed by STAR Capital Partnership LLP (“STAR Capital”). This means that the Leipzig-based bike-sharing provider will be independent as nextbike GmbH. TIER Mobility SE was advised by Pava Partners on the sale of the nextbike business to STAR Capital. The closing of the transaction is expected in May.

Over the past two years, we have worked intensively with our colleagues at nextbike on our common mission, to change mobility for good. The main reason for the current spin-off is the two distinct business and operating models: nextbike focuses on subsidised bike-sharing contracts with the city as their customer, TIER-Dott’s core business model is B2C shared e-scooters & e-bikes, with the end user as our customer and the city as our key partner. These two models have distinct tender requirements and product needs. These business models operate better separately than together, each company will have greater success in building the best service for their customers independent from one another.

As TIER-Dott, we will focus on electric micro-mobility solutions and wish nextbike every success in driving forward the transport revolution.