Scooter startups keep attracting funds despite regulatory focus


California-based Bird Rides Inc said it would acquire Circ, a German rival, for an undisclosed sum. — San Diego Union-Tribune/TNS

eScooter startup Tier Mobility extended a funding round to more than US$100mil (RM419.25mil) from US$60mil (RM251.55mil), at a time of increasing regulatory scrutiny.

Berlin-based Tier said Friday it added RTP Global, Novator Partners, and a third backer it declined to name, to its so-called Series B fundraising announced in October. One of Abu Dhabi’s sovereign wealth vehicles is also investing.

Subscribe now and stand a chance to win prizes worth over RM40,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.


Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Others Also Read


Want to listen to full audio?

Unlock unlimited access to enjoy personalise features on the TheStar.com.my

Already a subscriber? Log In