European e-scooter operator TIER Mobility explores merger - Sky News

E-scooters of Tier Mobility, a start-up for shared micro-mobility services, are parked in Cologne, Germany, July 23, 2019. REUTERS/Wolfgang Rattay/File Photo

(Reuters) - Berlin-based e-scooter operator TIER Mobility is working with bankers at Qatalyst Partners for a potential merger or sale with a rival, Sky News reported on Monday.

The talks come months after TIER was said to be working with Rothschild to raise hundreds of millions of pounds of additional funding, the report added. The talks, however, did not produce satisfactory terms for TIER, the report said, citing industry sources.