Tier Mobility, the Berlin-based micromobility operator that has been steadily taking over Europe, is making a sweeping entry into North America by acquiring Spin from automaker Ford. Tier will acquire all of Spin’s 50,000 e-scooters and e-bikes, bringing the German company’s total fleet to 300,000.
The companies would not disclose the terms of the deal, but last October, Tier raised $200 million, much of which the startup said would be used for strategic investments and acquisitions. Ford, which purchased Spin for $100 million back in 2018, will maintain a strategic investment in Spin, according to Spin CEO Ben Bear.
The news comes a few months after Tier purchased e-scooter company Wind Mobility’s Italian subsidiary, marking Tier’s entry into the Italian market, as well as its purchase of bike-share startup Nextbike, signaling Tier’s move into the multi-modal space.
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