Skip to main content

Tier Mobility acquires Coup’s electric moped scooters

Tier Mobility operates a scooter service, the kick-scooter-with-a-motor kind. And it has acquired assets from Coup, a now defunct scooter service, the moped kind. Coup shut down late last year, and Tier Mobility plans to take over and start its own shared moped service.

To be clear, Coup is over but its mopeds will stick around. As part of the deal, Tier Mobility now has around 5,000 mopeds and a charging infrastructure. It plans to launch its own moped service in Berlin in May. Both the scooter and moped services will be accessible from the main Tier app.

Coup had a partnership with Gogoro, a Taiwanese electric vehicle company. You can expect to be able to access the same mopeds but with a fresh coat of paint.

“We have gained valuable experience with e-scooters and can now use this effectively in the field of e-mopeds. Many customers want a slightly faster vehicle for medium distances of 4 to 10 kilometres. Now we can now offer these people a very good deal with high-quality vehicles,” Tier Mobility co-founder and CEO Lawrence Leuschner said in a statement.

Before shutting down, Coup was operating in Berlin, Paris and Madrid. It’s unclear whether Tier Mobility wants to launch a moped service in those cities as well.

Tier Mobility currently operates in 55 cities across 11 countries. It is currently focused on Europe. The company is based in Berlin.

It’s going to be interesting to see how Tier Mobility charges its customers for the moped service. Unit economics have been the main issue with Coup.

“Even though Coup is a well-known brand in this market with a loyal customer base that regularly uses our services, operating Coup in the long term has become economically unsustainable,” Coup said when it shut down.



from Startups – TechCrunch https://ift.tt/2w2Sn5N

Comments

Popular posts from this blog

Thousands of cryptocurrency projects are already dead

Two sites that are actively cataloging failed crypto projects, Coinopsy and DeadCoins , have found that over a 1,000 projects have failed so far in 2018. The projects range from true abandonware to outright scams and include BRIG , a scam by two “brothers,” Jack and Jay Brig, and Titanium , a project that ended in an SEC investigation. Obviously any new set of institutions must create their own sets of rules and that is exactly what is happening in the blockchain world. But when faced with the potential for massive token fundraising, bigger problems arise. While everyone expects startups to fail, the sheer amount of cash flooding these projects is a big problem. When a startup has too much fuel too quickly the resulting conflagration ends up consuming both the company and the founders and there is little help for the investors. These conflagrations happen everywhere are a global phenomenon. Scam and dead ICOs raised $1 billion in 2017 with 297 questionable startups in the mix. The

Dance launches its e-bike subscription service in Berlin

German startup Dance is launching its subscription service in its hometown Berlin. For a flat monthly fee of €79 (around $93 at today’s exchange rate), users will get a custom-designed electric bike as well as access to an on-demand repair and maintenance service. Founded by the former founders of SoundCloud and Jimdo , the company managed to raise some significant funding before launching its service. BlueYard led the startup’s seed round while HV Capital (formerly known as HV Holtzbrinck Ventures) led Dance’s €15 million Series A round, which represented $17.7 million at the time. E-bike subscription service Dance closes $17.7M Series A, led by HV Holtzbrinck Ventures The reason why Dance needed so much capital is that the company has designed its own e-bike internally. Called the Dance One, it features an aluminum frame and weighs around 22kg (48.5lb). It has a single speed and it relies on its electric motor to help you go from 0 to 25kmph. And the best part is that you