TIER and Dott merger completes

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Combined business will create the European champion of shared micro-mobility

TIER and Dott have announced today the closing of a financial transaction to merge the two companies, as announced in January 2024. With revenues of €250m, supporting over 125M trips a year in more than 20 countries, the newly combined business creates the European champion of shared micro-mobility. 

Following the closing of the transaction, teams across TIER and Dott will be progressively integrated, with details of the new strategy to 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.”

Riders can continue to access TIER and Dott vehicles through their respective apps for now, with more convergence possible in the future.

-ENDS- 

About TIER-Dott

TIER-Dott is the European champion of shared micromobility, formed in March 2024 with the merger of operators TIER and Dott. Led by CEO Henri Moissinac, COO Maxim Romain and Chairman Lawrence Leuschner, TIER-Dott is on a mission to change mobility for good. Under the TIER and Dott commercial brands, it provides sustainable travel, reduce congestion and pollution in cities by reducing reliance on cars. With operations in Europe and the Middle East, TIER & Dott supports over 125M trips a year in over 20 countries. For more information, visit www.tier.app and www.ridedott.com.