
On January 10, 2024, Tier and Dott, two leading European micromobility companies, announced that they plan to merge in early March 2024. The companies offer rental services for e-bikes and e-scooters in major cities, a market which has seen rapid growth in recent years. As part of their proposed merger, Tier and Dott will be raising an additional €60 million for the combined business.
However, the merger announcement follows a wave of seemingly backwards events in the sector. For example, before announcing their merger, Tier laid off 22% of its workforce, while Bird, North America’s largest micromobility operator, delisted from the NYSE in September 2023 and announced that it had filed for Chapter 11 bankruptcy in the United States in December 2023.
Despite this, micromobility companies are finding areas to grow in Canada. Changes to legislation in Ontario in 2023 have allowed for micromobility pilot programs to emerge. Bird Canada partners exclusively with cities such as Hamilton, while other cities like Ottawa allow multiple companies to offer shared fleets.
The merger of Tier and Dott represents a broader shift in the micromobility sector. The success or failure of Tier and Dott’s efforts at increasing profitability will influence the direction in which micromobility companies outside of Europe will move to create a sustainable sector.
Author: Noa Rapaport
Image by https://unsplash.com/@howardbouchevereau
Authors
Expertise
Insights
-
Energy
Supreme Court of Canada Interprets the Telecommunications Act
In Telus Communications Inc. v. Federation of Canadian Municipalities, the Supreme Court of Canada considered the correct interpretation of the term “transmission line”, as used in sections 43 and… -
Technology
FlexPro Gets a Grip on Baseball Pitchers’ Injuries
Ulnar collateral ligament (“UCL”) injuries – tears of damages to the inner elbow ligament - have been a challenge for baseball pitchers of all skill levels since the sport’s inception. Baseball fans… -
Technology
Securing Canada’s Digital Future
As digital threats become increasingly sophisticated, protecting Canada’s defence supply chains has never been more important. To address this challenge, the Government of Canada introduced the… -
Technology
Canadian Legal Tech Company, Clio, Acquires UK-based ShareDo
In a strategic move to expand its services to large law firms, BC-based legal technology company Clio has acquired UK-based ShareDo. Founded in 2011, ShareDo is a provider of adaptive work management… -
Technology
The 2025 TSX Venture 50 List
The 2025 TSX Venture 50 list has been released, showcasing the top 50 best-performing companies on the TSX Venture Exchange (“TSXV”) over the past year. This year’s list was compiled based on a new… -
Litigation and Dispute Resolution
Court Declines to Rule Out Duty of Care Owed by Social Media Platforms to School Boards
In Toronto District School Board v. Meta Platforms Inc. et al. (2025 ONSC 1499), Ontario Superior Court Justice Leiper dismissed a motion to strike a lawsuit commenced by the Toronto District School…