Dott (transportation company) explained

TIER Mobility SE
Type:Private
Industry:Micromobility
Location:Berlin, Germany
Founded:
Amsterdam, North Holland, The Netherlands
Founder:Henri Moissinac, Maxim Romain
Area Served:Europe, Middle East
Num Employees:ca. 300 (April 2021)

Dott (formally TIER Mobility SE) is a European micromobility company based in Berlin, Germany[1] which was founded in January 2019.[2] In January 2024, TIER and Dott announced the closing of a financial transaction to merge the two companies. 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.[3] Dott is one of the three companies that are authorized to operate rentals of electric scooters in London during a one year trial of the use of e-scooters.[4]

History

Dott was founded in September 2019 by Henri Moissinac and Maxim Romain. It had its Series A round of funding in 2019, raising €30 million[5] led by EQT Ventures and Naspers;[6] this was followed by a Series B round in April for $85 million, led by Sofina.[7]

The company was selected along with companies TIER and Lime to participate in a year-long trial of the use of e-scooters as a method of transportation in London. It will deploy up to 6,600 scooters there during the course of the trial,[8] which will be available for rental use via an app.[9]

In 2024 they announced a merger with TIER Mobility.[10] The deal was closed on March 25th of 2024.[11] The merger ended up to use TIER's corporate entity as the legal entity and the legal HQ moving to Berlin from Amsterdam.

Notes and References

  1. Web site: Imprint . 2024-11-05 . Dott . en-US.
  2. Web site: Transparency register. 2021-04-17.
  3. Web site: TIER and Dott merger completes .
  4. News: O'Reilly. Gem. 9 June 2021. E-scooters 'not safe' without audible signals. BBC News. 8 July 2021.
  5. Web site: Amsterdam-based Dott raises another €30 million to roll out its safe e-bikes and scooters. 4 July 2019. 2021-04-17.
  6. Web site: Dott raises $34 million to build a sustainable scooter startup. 4 July 2019 . 2021-04-17.
  7. Web site: European e-scooter and micromobility startup Dott raises $85 million. 20 April 2021 . 2021-04-20.
  8. Web site: Whitlock. Robin. 10 June 2021. Dott launches e-scooters on the streets of London. live. Renewable Energy Magazine. https://web.archive.org/web/20210610134952/https://www.renewableenergymagazine.com/electric_hybrid_vehicles/dott-launches-escooters-on-the-streets-of-20210610 . 2021-06-10 .
  9. Web site: 2021-06-07. E-scooter trial launches in London, but riders may 'race against clock' with pay per minute fee. 2021-07-08. inews.co.uk. en.
  10. Web site: TIER and Dott to form the European champion of shared micro-mobility . 2024-05-17 . Dott . en-US.
  11. Web site: TIER and Dott merger completes . 2024-05-17 . Dott . en-US.