Tier Mobility, a outstanding German mobility supplier, and Dott, a smaller competitor from the Netherlands, initiated a merger via a letter of intent in January 2024. This merger has now been finalized, however with a major replace. Earlier this yr, it was communicated that the merged entity would proceed to function beneath each the Tier and Dott manufacturers. Nevertheless, Dott not too long ago introduced on LinkedIn that “Tier turns into Dott.”
The LinkedIn submit expressed enthusiasm in regards to the union, highlighting that TIER Mobility and Dott will unify beneath the Dott model and know-how. Because of this, all TIER customers might be redirected to the Dott app, which can function a mixed fleet of 250,000 e-scooters and e-bikes accessible in 427 cities throughout 21 nations.
The transition to the Dott platform is predicted to be accomplished by spring 2025, throughout which era the recognizable turquoise Tier scooters will even be rebranded with a brand new design.
The merger was financially supported by a mixture of current buyers from each corporations, as they purpose to optimize prices via the newly merged construction. Stories from the German publication Handelsblatt indicated that Tier had been going through challenges, together with a major lower in firm worth resulting from unmet targets within the earlier yr.
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