Micro-mobility pioneer Tier has acquired nextbike, the European leader in bike sharing, extending its major commitment to bicycles and now covering 400 cities with 250,000 vehicles, creating what the company calls the first truly multimodal platform sector for bicycles, electric bikes, cargo bikes, electric scooters and electric mopeds.

Nextbike has been operating bicycle rental systems since 2004, primarily as an exclusive operator for cities, and has established a profitable shared mobility business model over its 17 year history. With nextbike, Tier’s vision of a comprehensive portfolio of mobility options is now a reality.

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