Micro-mobility company Tier has acquired Vento Mobility, the Italian subsidiary of Wind Mobility.
Terms of the deal have not been disclosed but the acquisition, which is Tier’s third this year, marks its entry into Italy.
Tier e-scooters will be immediately available in Bari and Palermo with further cities to come adding to the company’s presence in 165 cities across 18 countries.
Lawrence Leuschner, CEO and co-founder of Tier Mobility, says: "Through the acquisition of Wind Mobility, we are very pleased to launch Tier in Italy. We are excited to bring our mission to Change Mobility for Good to this new market and we look forward to providing the cities with low emission micromobility options and supporting them to move to a zero-emission future.”
Saverio Galardi, former country manager Italy at Wind and now general manager Italy at Tier, adds: "We look forward to combining our local knowledge and expertise with Tier's international experience. It is a unique opportunity to take our service to the next level, getting more people out of their cars and offering the most sustainable mobility solution.”
Berlin-based Tier acquired the Makery, a software development company, in April.
More recently it acquired Leipzig-based Nextbike saying the acquisition made it the “leading micro-mobility provider in the world across multiple two-wheeled modes.”
Tier announced funding of $200 million in October, bringing the total raised for the company to $660 million.