German scooter and bike company Tier has raised another $200 million from the likes of Softbank and UAE-sovereign wealth fund Mubadala Capital showing that investors still have appetite to pour money into e-scooter start-ups. The Monday announcement of Tier’s Series D comes less than a year after the company had raised $250 million led by Softbank’s Vision Fund 2. Separately, Tier is looking...
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Ultrafast Wars Raise Risk of Investor Injury
Wandering around Manhattan has lately become a not-so-fun exercise in dodging the stream of bicycles ridden ferociously by delivery couriers, a population that is growing with the proliferation of ultrafast grocery-delivery services. DoorDash’s announcement on Monday that it is jumping into the ultrafast fray suggests that the danger of severe injury may be about to increase. But it may be...
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