TIER, the European micro-mobility leader, has secured $60m of asset-backed financing from Goldman Sachs. The debt facility from the leading investment banking, securities and investment management firm is the first of such scale in micro-mobility and will fuel TIER's e-scooter fleet expansion for 2021.
In what is a proven model in the automotive sector, climate-neutral TIER has now unlocked significant asset-backed financing in micro-mobility. The innovative move by Goldman Sachs signals another major vote of confidence in a business that has performed strongly despite the Covid-19 crisis, following TIER’s recent $250m Series C funding round led by SoftBank Vision Fund
In what is a proven model in the automotive sector, climate-neutral TIER has now unlocked significant asset-backed financing in micro-mobility. The innovative move by Goldman Sachs signals another major vote of confidence in a business that has performed strongly despite the Covid-19 crisis, following TIER’s recent $250m Series C funding round led by SoftBank Vision Fund
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