TIER and Dott Complete Micromobility Merger

Micromobility operators, TIER and Dott have completed their merger to form Europe’s largest micromobility operator: TIER-Dott.

This merger was announced in January 2024, but the financial transaction to officially merge the two companies closed this week.

The newly combined business has revenues of 250 million EUR and will support over 125 million trips a year in more than 20 countries.

The new combined company will be dedicated to providing more sustainable transport options, to reduce congestion and pollution in urban areas

© TIER

Following the closing of this transaction, TIER and Dott will now be progressively integrated. Meanwhile, riders can continue to access TIER and Dott vehicles through their respective apps until further notice.

Details of the company’s new strategy will be announced in the coming weeks.

Henri Moissinac, CEO, TIER-Dott, said:

The closing of this transaction marks the start of an exciting new chapter for both TIER and Dott. We are focused on uniting our teams under the goal of running responsible operations for users, cities and the environment, helping to lower car use by offering a reliable and sustainable alternative.

Tags

• Dott
• Europe
• Micromobility
• TIER