E-Biking Accelerating From Germany
E-Scooter & E- B ike TIER Buys Bike Sharer NextBike Source: TIER & Stock Images New, E-Mobility Lightweight Form Go to Next Level Europe's largest provider of shared, lightweight e-vehicles has just been created by Berlin based e-scooter operator TIER Mobility's acquisition of e-bike sharing systems company NextBike, headquartered in Leipzig, Germany. This combination will create a vast network of e-bikes, e-scooters, e-mopeds, rental bikes and cargo bikes in Europe. It is also expected to trigger a period of consolidation in the highly fragmented, highly innovative e-lightweight vehicle industry, which is booming with growth, globally. Big European Market Penetration The combo is expected to operate in 400 cities with 250,000 vehicles in Europe. TIER is a financial powerhouse. TIER is valued at $2 billion and has just completed a financing round of $200 million to expand production. NextBike brings to the table very strong