Dott raises €85M in new funding via €70M Nordic Bond and €15M Series D Extension
Amsterdam, 28th October 2025 – Dott, the European champion of shared micromobility, today announces that it has successfully issued €70 million of senior secured floating rate bonds in the Nordic market, within a total framework of €150 million (the “Nordic Bonds”), and concurrently is raising a minimum of €15 million in preferred equity as an extension of its existing Series D fundraising round (the “Series D Extension”). Further details can be found below.
This marks a major step forward in the Company’s growth and profitability journey, with proceeds to be applied towards the acquisition of new e-bikes and e-scooters, refinancing of existing debt, and for general corporate purposes.
Accelerating user growth and engagement and Investing in a new fleet
The company has seen increased user engagement (+10% YoY of rides per rider in 2025 vs 2024) and penetration of passes (50% of our rides are now with passes), and this continues to grow as we reach new users. This funding will enable Dott to invest in a new fleet (e-bikes, and e-scooters), and accelerate this growth.The new vehicles provide the ultimate rider experience: more comfort, extended range, higher availability, and affordability for smoother daily commutes.
Strong performance since merger completion
Since the merger of TIER and Dott in 2024, the Company has successfully integrated operations to create one of the leading micromobility players in EMEA with operations in over 400 cities and 21 countries, and delivered over €60 million in annual cost savings to become adjusted EBITDA positive. The Company’s operational performance is set to improve with the planned deployment of new vehicles in 2026. This initiative, which began with the launch of our new Dott e-bike in Paris, will enhance unit economics by providing an improved user experience, reducing maintenance costs, and extending vehicle lifetimes.
Henri Moissinac, CEO and Co-Founder of Dott, commented:
“Seven years after we created Dott, this successful and oversubscribed bond issuance demonstrates the strong support from investors for our mission and our strategy. Since the merger of TIER and Dott, we have delivered on our commitment to achieve EBITDA profitability and to build a resilient, sustainable business. This new financing allows us to continue investing in cleaner, safer vehicles and to further advance our mission to change mobility for good.”
Raoul Gatzen, Group CFO of Dott, added:
“We are very satisfied with the strong reception from the Nordic bond market and the continued support of our shareholders, reflecting confidence in our solid post-merger operational performance and disciplined financial management. This issuance further strengthens our balance sheet, extends our debt maturity profile, and supports our FY2026 profitable growth plans as we renew our fleet across key European cities within our existing footprint.”
Details of the Nordic Bonds
The Nordic Bonds have a 4-year tenor and carry a floating interest rate of 3-month EURIBOR plus 800 basis points. Dott will apply for admission to trading of the bonds on Nasdaq Stockholm. ABG Sundal Collier acted as Sole Bookrunner on the Nordic Bonds, while White & Case served as legal counsel to the Company and Schjødt as legal counsel to the Bookrunner.
About Dott
Dott is the European champion of shared micromobility. Created through the merger of operators TIER and Dott in March 2024, the company decided to move forward under the name of Dott and integrated all vehicles into the Dott app. With the mission to change mobility for good, the team is led by CEO Henri Moissinac and President Maxim Romain. Dott facilitates sustainable travel, reduces congestion and pollution in cities, and decreases reliance on cars. With more than 250,000 shared vehicles in more than 400 cities across 21 countries in Europe and the Middle East, the 10 million users have generated over 400 million rides so far. For more information, visit www.ridedott.com