German micromobility operator Tier Mobility is laying off another 22% of its workforce to cut costs in the never-ending grind toward profitability, according to a LinkedIn post from CEO Lawrence Leusc
Madrid has renewed the operating licenses for scooter-sharing services in the city. The city council has chosen three operators for the next three years — Dott, Lime and Tier. This trio of companies
Micromobility company Bird said Monday it had overstated its revenue for more than two years by recognizing unpaid customer rides. Bird’s audit committee found on Friday that the company’s financi
Urban mobility startup Dott has raised an extension to its Series B round. Originally announced in the spring of 2021, the company raised an $85 million Series B round — it was a mix of equity and a
The European e-scooter market is currently the main battleground for companies playing in the micromobility space, taking advantage as they are of Europe’s relatively compact cities and the desire o
Riding a scooter in Paris will soon feel incredibly … slow. The City of Paris has announced that scooter sharing services should restrict the maximum top speed to 10 km/h (that’s 6.2 mph). Tha
Shares of Switchback II Corporation are off more than 14% today, appearing to sell off sharply following news that the SPAC's merger with scooter company Bird has been approved by shareholders.
Nearly a year after Dott originally announced plans to launch a bike-sharing service, the new offering is going live in Paris. Dott is better known for its scooter-sharing service across dozens of Eur
Operators like Spin, Voi, Zipp, Bird and Superpedestrian are investing in tech that can detect and correct poor rider behavior, sometimes going as far as stopping scooters if they're on a sidewalk.
We’ve been hearing about BMW’s electric city scooters, not to be confused with electric kick scooters, for years. The German automaker came out with the BMW Motorrad Concept Link in 2017,
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Dott has raised a new $85 million Series B funding round — this round is a mix of equity and asset-backed debt financing. Belgium-based investment company Sofina is leading the investment. Dott is a
Micromobility startup Helbiz, which now operates across Europe and the USA, is merging with a special purpose acquisition company (SPAC) to become a publicly listed company, giving it a war chest to p
Ola said on Monday that it has signed a memorandum of understanding with the government of Tamil Nadu in India to set up what it claims would be the “world’s largest scooter manufacturing faci
Bolt is best known for its ride-hailing service. But the company also operates an electric scooter service in 45 cities across Europe. Designed by the company’s in-house hardware team, the new model
Berlin-based micromobility startup Tier has raised a significant Series C round of $250 million. SoftBank Vision Fund 2 is leading the round, which proves that the Vision Fund team is still focused on
While electric scooters first launched at scale in the U.S., they quickly made their way overseas. Now, there’s a bustling electric scooter market in Europe, China, Latin America and one that
Bird has shut down scooter sharing in several cities in the Middle East, an operation that was managed by Circ, the micromobility startup it acquired in January. About 100 Circ employees have been lai
Beam, a Singapore-headquartered micromobility firm that offers shared e-scooters, has raised $26 million in a new financing round as it looks to expand its footprint in Korea, Australia, Malaysia, New
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