Tier Mobility, owner of Europe's largest e-scooter rental platform, has added $40m in debt and equity financing to an Axa Germany-backed first tranche.

Germany-based electric scooter rental service Tier Mobility increased a series B round featuring insurance provider Axa Germany to more than $100m today. Venture capital firm RTP Global, investment firm Novator and an undisclosed US-based debt fund provided $40m in debt and equity financing for the round’s second close. The first $60m came from Axa Germany,…

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