TIER Mobility welcomes Nico Rosberg as new investor



TIER Mobility welcomes Nico Rosberg as new investor

Former Formula 1 world champion Nico Rosberg joins TIER Mobility as investor, demonstrating his faith in the company and the future of e-mobility

Berlin, 21 May 2019 - Following its rapid expansion course over the last months, launching in 20 cities across 10 countries, TIER Mobility announced today that Nico Rosberg is joining its community of investors.

Nico Rosberg’s decision to invest in TIER Mobility underscores his faith in the company and his strong belief in e-mobility, as shown in his investment in the FIA Formula E last year.

To date, TIER Mobility has raised €32.4 million on its mission to change mobility for good.

Lawrence Leuschner, CEO and Co-Founder of TIER Mobility: „We are super excited to have Nico on board. Nico is one of the most popular faces of the growing global e-mobility movement and it gives the company a major push that Nico supports us in our mission to change mobility for good.“

Nico Rosberg: “E-mobility will become an important part of the ongoing change in transport. I'm impressed by TIER's sustainable vision and innovative power. I strongly believe that the company will be one of the winning players in the e-mobility industry.”

Only last month, TIER Mobility announced that it had reached 1 million rides, faster than any e-scooter company before.

+++ENDS++++

About TIER Mobility

TIER Mobility is Europe’s leading provider of micro-mobility with a mission to change mobility for good.

The company is a driving force behind the change in the transport sector, which aims to significantly reduce car traffic in cities by providing people with a wide range of electric vehicles.

As part of its commitment to sustainability, the company has adopted the United Nations’ Sustainable Development Goals (SDGs) as a guiding framework and has set a clear agenda for reducing and offsetting emissions. As a result of these measures, TIER Mobility has been a climate-neutral company since January 2020.

TIER Mobility operates in 60+ cities in 9 countries. The company is headquartered in Berlin and employs about 500 people. Founders of the company are Lawrence Leuschner, Matthias Laug and Julian Blessin.

The company’s existing investors are Mubadala Capital, Goodwater Capital, White Star Capital, Northzone and many more. In addition, there are selected business angels and individual investors like Formula 1 World Champion Nico Rosberg.

For more information about TIER Mobility, please visit: www.tier.app. You can find more pictures tästä.

About the Management Team

The management team is composed of some of the most experienced and execution-driven entrepreneurs in Europe: Lawrence Leuschner (CEO & co-founder), Matthias Laug (CTO & Co-founder) and Alex Gayer (CFO).

Lawrence Leuschner was previously CEO and co-founder of reBuy, Europe's leading online used electronics and media retailer, a company dedicated to extending the life cycle of over 100 million products.

Matthias Laug brings tech and logistics experience to the team, having been co-founder and CTO at the food delivery startup Lieferando and later CTO at the tech unicorn Takeaway.com, supporting one of Europe’s most successful tech IPOs in recent years.

Alex Gayer has previously worked at some of the fastest growing tech companies in Europe, most recently as CFO of Receipt Bank and prior to that SwiftKey, overseeing its sale to Microsoft. Alex Gayer brings a track record and expertise in financing and scaling companies.