Berlin-based Micromobility group Tier Mobility has bought bike-share specialist Nextbike for an undisclosed sum.
The company says the acquisition creates the industry's "first truly multimodal platform across bikes, e-bikes, cargo bikes, e-scooters and e-mopeds".
The addition of Nextbike, based in the east German city of Leipzig, gives a combined total of 250,000 vehicles in 400 cities, Tier adds.
