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Why Spotify's Eariest Investor Is Backing Tier, A Berlin Electric Scooter Sharing Startup

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Cityscape image of Vienna, Austria with St. Michael’s Square at sunrise – before the electric scooters are up and about

Today, TIER ]the Berlin-based electric scooter hire startup, announced that it had secured € 25mn in a round of Series A funding, led by & nbsp; Northzone & nbsp; with participation from and existing investors Speedinvest and Point Nine. & nbsp; This is the biggest financial backing for a European company of this kind.

Last week, 250 green electric scooters hit the streets of Vienna as Berlin-based startup. TIER launched its first scooter-hire scheme. [1

9659004] Paul Murphy, the partner at Northzone responsible for the funding round, said, ” Europe can hold two to three big players and we believe TIER can be one. “

Northzone currently has € 1bn under management and was the first venture capital fund to invest in S potify . It remained the biggest external shareholder until 2014. Other startups it has invested in include iZettle, Klarna and Lastminute.com.

Now it’s backing a five month old startup. Murphy is convinced that with bike sharing, Europe is the market to win. “ The U.S. is going to be a big market for electric scooter hire schemes, but Europe has four times the population density within its cities of usa and its cities are built for cycles ” han påpeger.

han personligt resoneret med De miljømæssige argumenter for at få folk fra busserne og ud af biler til tilgængelige og praktiske elektriske scootere, og reducere CO2-udledninger og forurening i gridlocked byer. Men, som virkelig overbeviste ham om at TIER var det team som var tilbage, var den erfaring med de tre sammendragerne i elektrisk mobilitet og logistik.

” Dette vil være en operationelt kompleks forretning hvor TIER kan operere ud fra flere steder i flere lande “Murphy said. ” But we think the cofounders have the experience to handle it, and they are already thinking beyond scooters for the next five – ten years “.

TIER’s cofounders are Lawrence Leuschner, CEO, who founded and ran reBuy Julian Blessin, CPO, an experienced Angel investor who worked with the electric road scooter startup COUP & nbsp; and Matthias Pool CTO, a lead consultant at Thought Works in Berlin and former CTO at Takeway.com .

If Murphy’s expectations prove right, Northzone anticipates TIER will raise further rounds of finance. The last year has been a boom year for funding electric mobility schemes, with total funds raised by some $ 900 million in July 2018, according to the sharing economy newsletter, Oversharing – although this figure also includes other forms of electric transport such as cycles.

TIER’s green scooters TIER

Scooter-sharing schemes have not been without their problems, such as scooter dumping. In August, & nbsp; Tech Crunch reported that in San Francisco, the Municipal Transportation Agency was reviewing permit applications from 12 electric scooter services& nbsp; including ones from Lift, Uber and Razor.

A former scooter in London told me she abandoned her scooter because the pavements were so uneven that she was forever tripping up. In ieder geval, de Highways Act of 1835 still prohibits the ride of any ‘carriage’ on London’s footway. Similar regulations apply in many other capital cities.

“Scooters will cause some challenges because they are a new form of transit “agreed Murphy. ” But they will not come close to creating the problems that cars and combustion engines have in our cities such as pollution and carbon dioxide emissions. “

Murphy added that as city authorities embrace the growing trend towards making cities more human, changes in transport will follow in leaps and bounds.

You’re seeing cities like Oslo, Frankfurt and Madrid making parts of the city completely free of combustion engines already. London is a hard one, but it will change.

Indeed, TIER’s CEO Lawrence Leuschner firmly believes that the way to overcome any regulatory problems is to work with the authorities on a sustainable solution. [19659008] ” What’s also really important is that we make sure that the day-to-day operation of our eScooter network is efficient, and does not disturb the daily life of the city, “he adds. “So in Vienna, we pick up our eScooters every night and make sure they do not block public paths during the day.” & nbsp;

After all, if you work with the people who hold the key to the city, they are more unlikely to unlock the gates and allow your electric scooters.

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Cityscape image of Vienna, Austria with St. Michael’s Square at Sunrise – before the electric scooters are up and about

Today, TIER, the Berlin-based electric scooter hire startup, announced that it had secured € 25mn in a round of Series A funding, led by Northzone with participation from and existing investors Speedinvest and Point Nine. Last week, 250 green electric scooters hit the streets of Vienna as Berlin-based startup. TIER launched its first scooter-hire scheme .

Paul Murphy, the partner at Northzone Res ponsible for the funding round, said, ” Europe can hold two to three big players and we believe TIER can be one.”

Northzone currently has € 1bn under management and was the first venture capital fund to invest in Spotify . It was the biggest external shareholder until 2014. Other startups it has invested in include iZettle, Klarna and Lastminute.com.

Now it is backing a five month old startup. Murphy is convinced that with bike sharing, Europe is the market to win. “ The US is going to be a big market for electric scooter hire schemes, but Europe has four times the population density within its cities of the US, and its cities are built for cycles,” påpeger han.

He personally resonated with the environmental arguments in favor of getting people off the buses and out of cars into accessible and convenient electric scooters, and reducing carbon emissions and pollution in gridlocked cities. Men, som virkelig overbeviste ham om at TIER var det team som var tilbage, var den erfaring med de tre cofounders i elektrisk mobilitet og logistik.

“Dette vil være et operationelt komplekst forretning, hvor TIER kan operere ud fra flere steder i flere lande” , Murphy said. “But we think the cofounders have the experience to handle it, and they are already thinking beyond scooters for the next five to ten years.”

TIER’s cofounders are Lawrence Leuschner, CEO, who founded and ran reBuy, Julian Blessin, CPO, an experienced Angel investor who worked with the electric road scooter startup COUP, and Matthias Pool CTO, a lead consultant at Thought Works in Berlin and former CTO at Takeway.com.

If Murphy’s expectations prove right, Northzone anticipates TIER will raise further rounds of finance. The last year has been a boom year for funding electric mobility schemes, with total funds raised by some $ 900 million in July 2018, according to the sharing economy newsletter, Oversharing – although this figure also includes other forms of electrical transportation such as cycles. 19659034] TIER’s green scooters TIER

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