Former Formula One Ace Rosberg Bets on Berlin E-Scooter Startup
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Former Formula One world champion Nico Rosberg has invested in Berlin e-scooter sharing startup Tier Mobility, as Europe looks to build a local champion to rival U.S. startups Bird Rides Inc. and Lime.
Rosberg’s investment raises the company’s funding to 32.4 million euros ($36 million), Tier said Tuesday, declining to reveal how much he contributed. Germany became the latest nation to approve the use of stand-up e-scooters on roads and bicycle paths last week, paving the way for Tier and its bigger U.S. rivals to scale up in Europe’s biggest economy.