Dott extends Series B funding to $150M to fuel e-bike expansion

Amsterdam-based micro-mobility company Dott has raised an additional $70 million, extending its Series B funding round to over $150 million. The company has previously raised over $228 million including $85 million Series B funding in spring 2021.

Since the merger of TIER and Dott in 2024, the Company has successfully integrated operations to create one of the leading micromobility players in EMEA with operations in over 400 cities and 21 countries, and delivered over €60 million in annual cost savings to become adjusted EBITDA positive.

The investment comes amid intensifying competition in Europe’s micro-mobility sector. Rivals such as Tier, Voi, and Lime continue to scale their e-bike and scooter fleets as cities shift towards low-emission transport. Many operators are also grappling with tightening regulation, city-level tender systems, and growing pressure to achieve profitability.

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.”

The company operates under an in-house logistics and maintenance model, in contrast to competitors who rely on third-party services.

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.”

Specially, the company has successfully issued €70 million of senior secured floating rate bonds in the Nordic market, within a total framework of €150 million (the “Nordic Bonds”), and concurrently is raising a minimum of €15 million in preferred equity as an extension of its existing Series D fundraising round (the “Series D Extension”).

The fresh capital will support the rollout of e-bikes, further product development, and expansion into new markets. Dott said the investment would help enhance user experience while maintaining a focus on safety and environmental impact.