Tier and Dott Merge: A Micromobility Powerhouse is Born
In a significant development for the European shared mobility sector, Tier Mobility and Dott have officially completed their merger, creating a formidable player in the market. The announcement comes after months of anticipation and signals a new phase in the evolution of urban transportation solutions.
Tier Mobility and Dott, both leaders in the micromobility space, bring their respective strengths to the table. Tier, with its robust network and cutting-edge technology, joins forces with Dott’s operational expertise and commitment to sustainable transportation. The result is a company with unparalleled potential to transform the way people move around cities.
The merger follows impressive financial performances from both companies. In 2022, Tier’s revenues surged 72.5% to €121.8 million, while Dott saw a staggering 92% increase to €62.7 million. The combined entity is now ideally positioned to capitalize on the growing demand for shared mobility services, offering a comprehensive suite of sustainable transportation options to users across Europe.
As cities grapple with congestion, pollution, and a need for more efficient transportation options, the Tier-Dott merger presents a promising solution. By expanding the availability of electric scooters, bikes, and mopeds, the company aims to reduce reliance on private cars and promote cleaner, more sustainable modes of transportation.
While the terms of the merger remain undisclosed, the new company is expected to generate combined revenues of over €250 million, supporting more than 125 million trips annually across 20 countries. With such strong financial backing and a clear vision for the future, the Tier-Dott partnership is poised to redefine urban mobility as we know it.
As shared mobility continues to evolve and mature, the successful merger of Tier and Dott serves as a testament to the sector’s potential. By leveraging their respective strengths and committing to sustainable, user-friendly solutions, the combined entity stands at the forefront of a transportation revolution, ready to shape the way we move for years to come.
