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.

About TIER

TIER Mobility is an e-scooter sharing provider on its mission to change mobility for good. The company wants to play a substantial part in the ongoing transformation of transportation, relieving cities from emissions and congestion, putting responsible usage and safety at the centre of its business.

TIER Mobility has joined forces with other zero-emission means of transport in order to significantly reduce the use of cars, helping cities to shift their focus from cars to alternative e-vehicles.

The company started its operations in October 2018 and is now operating in 20 cities across 10 European markets. TIER Mobility is headquartered in Berlin and has 200+ employees. The company was founded by Lawrence Leuschner, Matthias Laug and Julian Blessin.

The company’s existing investors come from Germany / Austria (Point Nine, Speedinvest), France (White Star Capital), Scandinavia (Northzone), Spain (Kibo), Portugal (Indico) and Poland (Market One Capital).

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.