Dott Extends Series B Round To $150M To Boost E-bike Growth

Since TIER and Dott merged in 2024, the company has become one of the top micromobility players in Europe, operating in over 400 cities across 21 countries. The merger has delivered €60 million in annual cost savings and made the company EBITDA positive.

The investment comes as competition in Europe’s micromobility market heats up, with players like Voi and Lime expanding their e-bike and scooter fleets. Operators are also facing stricter regulations, city tenders and increased pressure to reach profitability.

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Henri Moissinac, Co-Founder and CEO of Dott, said: “We reached a significant milestone for our business in 2021, launching e-bikes to extend our offer with a vehicle that is more familiar to many people and broadens the appeal of our service.

Starting 2022 with additional funding will propel our growth and allow us to offer environmentally friendly travel to more people.”

Unlike many of its competitors that depend on third-party providers, the company manages its own logistics and maintenance operations in-house.

Alistair Watson, Head of Strategy Innovation, Private Equity at abrdn, said: “We felt that Dott is well positioned to be a leader in the category, offering a high quality product that has been recognised with significant growth in 2021, alongside a responsible business model which takes a rigorous approach to minimising its carbon footprint.”

Specifically, the company has raised €70 million through senior secured floating rate bonds in the Nordic market, under a total framework of €150 million (“Nordic Bonds”). At the same time, it is securing at least €15 million in preferred equity as part of its ongoing Series D extension round.

The new funding will be used to expand its e-bike fleet, enhance product development, and enter new markets. Dott stated that the investment will also help improve user experience while prioritizing safety and sustainability.

About Dott

Dott is a European micro-mobility company on a mission to change urban mobility for good. Operating e-bikes and e-scooters across 400+ cities, Dott promotes sustainable, accessible and car-free transportation, helping cities reduce congestion and pollution while making everyday travel cleaner and more efficient.