• From January 2020 onwards, TIER will be climate-neutral as a company
• TIER is the first micro-mobility provider to be fully climate-neutral, setting the industry standards in sustainability
• Ambitious agenda established for reducing and offsetting emissions

Berlin/Helsinki, 21 November - TIER Mobility, the leading European provider of micro-mobility solutions, announced today that the company commits to full climate neutrality from January 2020.

CEO Lawrence Leuschner made this pledge today at his opening speech of the Slush event ‘Future of Transportation’ in Helsinki.

In the company’s commitment to sustainability, TIER has adopted the United Nations Sustainable Development Goals (SDGs) as its sustainability framework and has set up an ambitious agenda for reducing emissions. Amongst other measures, TIER will further improve its already industry-leading maintenance efforts and introduce the swappable operations model across all markets. Green energy supplies in warehouses will become a company standard. The same applies to sustainable deployment of scooters as well as an adapted travel policy. Going even further, as the pinnacle to achieving the company’s sustainability goals, TIER will be purchasing carbon offsets to neutralize the remainder of emissions from January 2020 onwards, making TIER the first fully climate-neutral micro-mobility company. All CO2 emissions that TIER as a company creates, including the full supply chain with the production of all scooters as well as their transport into the markets, will be offset by certified climate protection projects. To calculate the necessary offsets, TIER has had its CO2 emissions measured by an independent agency, ClimatePartner. This estimation forecasts 90.000t of CO2-emission for 2020, which will be offset completely by saving an area of the amazon forest equal to 25.000 football fields.

Following today’s announcement, TIER Mobility and its e-scooters will get the label "climate-neutral". This label contains an ID number and a tracking URL, which makes TIER’s climate neutrality traceable. Anyone can see how many emissions TIER causes, and which projects the company supports.

Lawrence Leuschner, CEO and co-founder of TIER Mobility: "Climate change is the most urgent topic of our time. We are in a now-or-never situation, which requires us to take immediate action. As TIER continues to grow, we feel it is our responsibility to commit additional resources towards protecting the environment and fighting the climate crisis. This is why we are doubling down on our core value of driving true sustainability in the micro-mobility industry."

Tristan A. Foerster, Managing Director ClimatePartner: "With its micro-mobility service itself, TIER is already altering our way of mobility in a seamless and sustainable way. Beyond that Lawrence and his team prioritise sustainability in all aspects of the supply chain. TIER Mobility’s climate-neutral commitment is one of the greatest we have seen in the startup-community to date and we are proud to contribute as a partner, enabling climate-neutral mobility for anyone enjoying their ride with a TIER.”

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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 85+ cities in 10 countries. The company is headquartered in Berlin and employs about 900 people. Founders of the company are Lawrence Leuschner, Matthias Laug. and Julian Blessin.

The company’s investors are SoftBank Vision Fund 2, Mubadala Investment Company’s financial investment arm, Mubadala Capital, Northzone, Goodwater Capital, White Star Capital, Novator, RTP Global, Speedinvest 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: about.tier.app. You can find more pictures here.

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. He is founding member of the "Leaders for climate action" initiative, which advocates stricter climate protection and commits itself to concrete measures in their companies.

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.

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