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.
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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,…