Vento Mobility, the Italian subsidiary of Wind Mobility, has been acquired by Tier, a Berlin-based e-scooter company. Tier will enter the Italian market with the deal, but the companies are not sharing the terms.
Last month, Tier acquired Nextbike, a German bike-sharing platform, a move to consolidate its micromobility empire. Since its founding, Tier has acquired Makery, a provider of digital services like product strategy, design and management, engineering, testing and quality, training and support, and staff augmentation, as well as Pushme, a battery swapping company.
Wind sold off its Israeli operations to the Russian tech giant Yandex, so it is possible that Wind is succumbing piece by piece to the inevitable industry consolidation. The company has raised a total of $72 million, and its last funding round was back in 2019. Tier raised $200 million as part of its Series D round in October, bringing its total funding to around $647 million.
Wind did not respond to the question of more information about its strategy.
The first Tier e-scooters will be on the streets of Bari and Palermo on Tuesday. Tier is present in 165 cities in 18 countries and offers scooters with integrated helmets, turn signals, and triple brakes.
There were 4,500 e-scooters in the Italian fleet. Tier didn't respond to requests for more information about what would happen to the scooters or Wind's Italian staff.
