TOP STORIES 🔥

🎉 Dott & TIER to merge

On Wednesday, Dott and TIER announced a merger which will make them the largest shared mobility operator in Europe. The new entity will get a fresh cash injection of €60m.

For now, both companies will continue to operate separately. Once operations combine, the new HQ will be in Berlin. Henri Moissinac (CEO of Dott) will become CEO of the new company, with Lawrence Leuschner (CEO of TIER) transitioning to Chairman of the Board.

With Superpedestrian closing down and Bird filing for bankruptcy last month, this merger will see a real drive towards profitability. The new micromobility company expects to make upwards of €200m in revenue.

💡 City Dive Insight

First-ever City Dive insight. To get these in the future, subscribe to EU Recap Premium.

Dott & TIER will become one. Today, Dott is present in an estimated 47 cities, and TIER (excluding nextbike) 353. These two together, plus nextbike, will reach a combined total of 650+ cities. To put this in perspective, We found that Bolt are present in roughly 166 cities and Lime 134, and Voi 93.

What’s next?

Dott has always grown conservatively, whereas TIER followed a policy of rapid expansion and growth up until 2022. With the CEO of Dott heading up the new company, and because of the current market conditions, we expect the new entity to consolidate the most profitable markets and pursue risk-averse expansion.

Public bike sharing

nextbike’s balance sheet is supposedly very healthy, and there is no doubt that subsidised public bike systems work. Some large schemes were (re-)launched in 2023: Madrid (Serveo), Tri-City (Inurba) and Warsaw (nextbike) to name a few. Moped operator Cooltra have also started to offer their services as an operator for public bike schemes. There’s little doubt that Dott & TIER will be targeting nextbike’s growth outside Germany and Poland and, with Dott’s tender-winning record of 2023, who would doubt them.

Double permits

For free floating schemes, there are at least 12 cites where Dott and TIER both operate, including Bordeaux (FR), Lyon (FR), Madrid (ES), Malaga (ES), Milan (IT), Paris (FR), Tri-City (PL) and Warsaw (PL). Whether the schemes will be allowed to keep running, once the two companies formally merge, remains to be seen. If, like the Reby moped services in Barcelona, business models are joined, it may cause issues, at least in Spain. Other cities will have to be assessed on a case by case basis (whether permits can be kept, transferred or sold).

Shared micromobility made €900m in Europe in 2023.

INDUSTRY NEWS 🗞️

FREENOW commissions survey to highlight growing MaaS trend.

Hertz will sell a third of its electric cars due to lack of demand.

PSOE plans to replace more car lanes with bike lanes in Spain.

Voi releases first ever Sustainability Report.

LAUNCHES AND EXPANSIONS 🚀

Bolt | Scooters
Planned expansion in Nuremberg (DE)

Cambio | Cars
Launch in De Haan (BE)

Donkey Republic | Mobility hub (1)
Launch in Lancy-Bachet (CH)

Become a paying subscriber of EU Recap Premium to get access to this post and other subscriber-only content.

Already a paying subscriber? Sign In