Scooter

Photo: Financial Times

Germany's Tier Mobility Gets $250 Million From SoftBank Group

Germany-based e-vehicle manufacturer Tier Mobility has attracted funds worth $250 million from SoftBank Group's Vision Fund 2. After the investment, the company has been ranked at the second position in e-motor companies, just under its rival Bird. Reportedly, the funds collected will be utilised for manufacturing smaller and less pollutant "micro-mobility" vehicles. Currently, the 2018-launched company has its market value just below $1… read-more

Tue, 10 Nov 2020 - 05:36 PM / by Sakshi Amrutkar

Tags: E-scooter, Tier Mobility, Soft Bank, Investment

Courtesy: Reuters