German e-mobility company Tier purchases bike-sharing firm Nextbike

Reading Time: < 1 minute

Tier, a German shared mobility company with a presence in Hungary, Slovakia, Poland, is buying the bicycle sharing company Nextbike, it announced. The news comes after Tier’s USD 200mn funding round at the end of October.

Tier is present in 148 cities in 16 countries, and combined with Nextbike will operate over 250,000 vehicles in more than 400 cities. Nextbike was established in Leipzig in 2004 and now has a presence in several countries including Poland, Croatia, Czechia and Ukraine. Estonia’s Bolt, a peer of Tier and Nextbike, closed a USD 700 million funding round in August.

Source: Startbase, Reuters

CET Editor

Recent Posts

Bosnia’s EU accession requires pro-EU coalition – high representative

The EU can formally begin accession negotiations with Bosnia and Herzegovina (BiH) when a stable…

4 days ago

Estonia climbs to second in global press freedom rankings, Czechia makes top ten

Estonia has surged to second place in the 2025 World Press Freedom Index, its best-ever…

4 days ago

Czechia delinks from Russian oil after 60 years

Czechia has halted imports of Russian crude oil delivered via the Druzhba pipelinefor the first…

4 days ago

Far-right Simion wins first round of Romania’s presidential rerun, to face Bucharest mayor in runoff vote

Far-right leader George Simion surged to a clear lead in the first round of Romania’s…

4 days ago

Lowest OECD tax burdens in Slovakia, Poland

Workers in Central and Eastern Europe (CEE) enjoy some of the lowest personal income tax…

4 days ago

Baltic states ramp up air, missile defences

The Baltic states are stepping up their air, missile and drone defence capabilities, as Estonia,…

2 weeks ago