News

May 16, 2023

Mobility giant Bolt likely to acquire rival Tier in weeks

If you can’t beat ‘em, get bought

Amy Lewin and Mimi Billing

3 min read

German micromobility startup Tier is in late-stage acquisition talks with European rival Bolt, Sifted has learnt. The deal comes amid a wave of consolidation sweeping the micromobility sector as growth capital remains hard to come by and businesses remain expensive to run. 

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Amy Lewin

Amy Lewin is Sifted’s editor and host of Startup Europe — The Sifted Podcast . Follow her on X, LinkedIn and Bluesky

Mimi Billing

Mimi Billing is Sifted's Europe editor, based in Stockholm. She covers the Nordics and can be found on X and LinkedIn

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