PwC Legal advises Tier Mobility on current Series C Financing Round led by SoftBank Vision Fund 2 of 250m USD

Nuremberg, 10 November 2020.

PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) has provided comprehensive legal advice to Tier Mobility GmbH on the current Series C Financing Round of 250m USD. This financing round was led by SoftBank Vision Fund 2. Existing investors including Mubadala Investment Company’s financial investment arm Mubadala Capital, Northzone, Goodwater Capital, White Star Capital, Novator and RTP Global also participated in the current financing round.

Tier Mobility GmbH intends to use the funds to significantly extend its leading coverage in Europe, to accelerate its ambitious expansion into strategic growth markets and to fast track its TIER Energy Network; a significant innovation that will see thousands of charging stations installed in cities across Europe to power electric vehicles in the most sustainable way.

Tier Mobility GmbH is Europe’s leading provider of micro-mobility and hence a driving force behind the change in the transport sector, which aims to significantly reduce car traffic in cities by providing with a wide range of electric vehicles. Tier Mobility GmbH operates in more than 80 cities in 10 countries. The company is headquartered in Berlin and employs about 900 people. Founders of the company are Lawrence Leuschner, Matthias Laug. and Julian Blessin.

Advisors to Tier Mobility GmbH:

PwC Legal (Nuremberg & Berlin):
Gerhard Wacker, Klara Körber (both lead), Christian Heigl, Moritz Gröning (all Corporate / M&A)

Advisors to SoftBank Vision Fund 2:

White & Case LLP (London):
Daniel Turgel (lead), Ian Bagshaw, Joseph Bradley, Elena Ruggiu, Francis Brown, Rachel Johnson, Julie Mcleod, Rhea Mayhew (all Corporate / M&A)

Advisors to Mubadala Capital, White Star Capital, Northzone and Goodwater Capital:

Dentons (Montréal, Berlin):
Giancarlo Salvo, Philippe Decary (both lead), Bryan Fuchs, Matthias Hause, Thomas Schubert, Marcus Roick, (all Corporate / M&A)

Advisors to AXA Konzern AG:

Seitz Rechtsanwälte Steuerberater Partnerschaftsgesellschaft mbB (Cologne):
Dr. Daniel Grewe, LL.M., Alina Häck (both Corporate/M&A)

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