in

Berlin-based TIER Mobility raises €49.1M in asset-backed financing from Goldman Sachs; here’s why | Silicon Canals

After being selected as one of the operators for the London rental e-scooter trial, Berlin-based micro-mobility company, TIER Mobility, has today announced that it has secured $60M (approx €49.1M) of asset-backed financing from Goldman Sachs. This is TIER’s first debt facility as it believes this will help the startup to fuel its e-scooter fleet expansion this year.

This debt funding follows the company’s recent $250M Series C round led by SoftBank Vision Fund 2. Besides London’s e-scooter tender, the company has also had similar success in its Paris and Dubai bids.

Future of Hamburg: the top 10!

Here are the ten top international startups shortlisted for the 2021 Future Hamburg Award

Here are the ten top international startups shortlisted for the 2021 Future Hamburg Award Show Less

Alex Gayer, Chief Financial Officer at TIER, says, “The size of this highly scalable asset-backed debt facility is a game-changing first in micro-mobility,…

Read further.

Banking sector urged to support village, township tourism businesses – SABC News – Breaking news, special reports, world, business, sport coverage of all South African current events. Africa’s news leader.

Asad Umar calls for harnessing trade potential of ECO countries