SoftBank makes its first e-scooter bet, leading a $250 million investment in Germany's Tier

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SoftBank invested in Tier through Vision Fund 2, the $108 billion successor to the Japanese company's first technology fund.

The round also attracted backing from existing investors including Mubadala, Northzone and RTP Global.

Tier has been profitable since June, the company's CEO Lawrence Leuschner told CNBC in a recent interview. A woman holds her smartphone with the app of the electric scooter sharing provider Tier Mobility next to an e-scooter to use it. Hauke-Christian Dittrich/dpa LONDON — German electric scooter rental firm Tier announced Tuesday that it's raised $250 million in a funding round led byIt's the first time the Japanese tech investor has made a bet on the nascent scooter-sharing space and comes as a number of countries in Europe re-enter lockdowns to slow a resurgence in coronavirus cases.

 

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This got to be the stupidest investment ever! Especially when all the big city’s in Europe are trying to outlaw them.

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This got too be the stupidest investment ever! Especially when all’s the big city’s in Europe are trying to outlaw them.

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