dott
7 known investors
Dott operates a shared micromobility service, offering e-scooters and e-bikes for urban riders. This investor relations page presents the company's financial reports and bond-related disclosures.
Also known as Dott (previously TIER) Β· emTransit B.V. Β· ridedott
Investors Β· 7
Also in the syndicate Β· 1
Company profile
researched Aug 2026Dott is a shared micromobility operator that rents electric scooters and electric bikes through a smartphone app. Riders download the Dott app, sign up, locate a nearby vehicle on a map and unlock it by scanning a QR code, paying either per ride or through 24-hour, weekly or monthly passes. The service is available 24/7 and is positioned for daily commuting, last-mile connections from train or metro, campus travel and leisure trips. The app is published by emTransit B.V., based in Amsterdam, Netherlands.
The company designs custom vehicles intended for long service life, with swappable batteries offering up to 50 km of range, front and rear lights and large wheels, and brings them in for regular maintenance. Operations are carried out in-house rather than through gig workers, and the company emphasises safety for riders and non-riders, no-go and low-speed zones, designated parking bays and reduction of its carbon footprint across the value chain. Complimentary rider insurance is offered in eligible countries. Old vehicles are refurbished or transferred to other cities; the company refurbished just under 10,000 e-scooters in 2024, taking its cumulative refurbished total above 25,000.
As of late 2025 Dott operated roughly 250,000 shared vehicles in more than 400 cities across more than 20 countries in Europe and the Middle East, was approaching 100 million annual rides, and was described as EBIT positive and close to free cash flow positive. Founded in 2018, the company merged with fellow European operator TIER in 2024, after which the TIER-branded rider app was rebranded to Dott.
Founding story
Dott was founded in 2018 and headquartered in Amsterdam by Maxim Romain and Henri Moissinac, both former executives of the Chinese bike-sharing company Ofo. They drew on that experience β where operators flooded streets with bikes while ignoring unit economics β to prioritise durable, self-designed vehicles and early unit-economic discipline. CEO Henri Moissinac holds a PhD in computer science and previously had a dot-com exit to eBay and roles in early mobile at Facebook and at Uber. The founders raised β¬20 million ($23 million) in December 2018 and began with a 100-scooter pilot at Station F in Paris in early 2019, aiming at a European market they estimated at up to β¬30 billion ($35 billion) long term.
Business model
Dott owns and operates its vehicle fleets directly, handling maintenance, battery swapping and rebalancing in-house, and operates under city permits. Revenue is generated from riders paying per trip or buying time-based passes, with unit economics driven by vehicle cost per ride, maintenance costs and vehicle lifetime. Fleet renewal is funded partly with debt: management argues that modern micromobility cash flows are predictable enough to be financed through bonds rather than equity alone. Machine learning is used to place and move vehicles, allocate labour and personalise rider incentives toward passes and predictable usage.
Pay-as-you-go ride charges plus 24-hour, weekly and monthly riding passes; pricing is set locally and described as competitive with public transport. In 2025 half of all trips were made using a Dott riding pass, and referrals earn riders free rides.
Traction
Around 250,000 shared vehicles in over 400 cities and 20-plus countries; approaching 100 million annual rides; over 5 million Android app downloads and a 4.8 rating from about 111,000 Google Play reviews. Rides per rider rose 10% year-on-year in 2025 and half of trips were taken on a riding pass. The company reports adjusted EBITDA positive status after the TIER merger, EBIT positive and near free-cash-flow-positive operations, and has refurbished more than 25,000 vehicles to date.
Latest developments
In October 2025 Dott announced β¬85 million in new funding β β¬70 million of oversubscribed senior secured Nordic bonds within a β¬150 million framework, alongside a Series D extension of at least β¬15 million β to buy new e-bikes and e-scooters, refinance debt and for general corporate purposes; the bonds are intended for admission to trading on Nasdaq Stockholm and the CEO said there is no IPO plan within two years. New vehicles begin rolling out in 2026 and will progressively replace older models in all markets, starting with a Segway-supplied e-bike launched in Paris on 1 October 2025 as part of a β¬10 million Paris investment. A December 2025 podcast interview described plans to renew about 20% of the fleet annually and to make parking the main product priority for 2026.
βΈFull profile β market position, technology, go-to-market, geography, history, risks & controversies
Market position
Dott describes itself, following the 2024 combination with TIER, as the European champion of micromobility, operating around 250,000 vehicles in over 400 cities and more than 20 countries. It competes with Lime, Bird, Voi and Bolt, among others; at launch in 2018 European rivals TIER and Voi were also venture-funded, and US players Bird and Lime had expanded into Europe.
Dott positions itself on operational discipline rather than rapid expansion: in-house operations instead of contractors, vehicles designed for durability and refurbishment, and an early focus on unit economics informed by the founders' experience of the Chinese bike-sharing collapse at Ofo. Management cites scale, city footprint, usage and unit economics as the basis of investor confidence, and points to hardware generations that cut cost per ride β a Paris deployment where the same number of rides requires half as many battery swaps β plus a policy of renewing roughly 20% of the fleet annually.
Technology
Custom-designed e-scooters and e-bikes with swappable batteries of up to 50 km range, bright front and rear lights and large wheels; vehicles are stress-tested for daily road impact and battery and component suppliers are vetted. The rider app handles registration, map-based vehicle discovery, QR-code unlocking, in-app payments, geofenced no-go and low-speed zones, a vehicle 'ring' locator and discount-code handling. Behind the scenes, thousands of daily machine-learning simulations determine vehicle placement, rebalancing and labour allocation, and personalise rider incentives; the company describes AI-driven agents for internal process automation and operations reporting as its next step.
Go-to-market
City-by-city deployment under local permits, with in-house operations teams and long-term city relationships. Riders are acquired through the consumer app on the Apple App Store and Google Play (over 5 million Android downloads), pass promotions, discount codes and a referral programme. The initial launch was a pilot of 100 scooters at the Station F startup hub in Paris in early 2019 before expansion to further cities.
Urban riders in Europe and the Middle East, including daily commuters, public-transport users making last-mile connections, students on campuses, business travellers and weekend/leisure users.
Geography
More than 400 cities across Europe and the Middle East, spanning over 20 countries. Headquarters/app publisher address in Amsterdam, Netherlands (Van Diemenstraat 292). Paris is a significant market, with a β¬10 million investment and a new e-bike launched on 1 October 2025 for a four-year permit period; Berlin is also served.
History
Founded in 2018 in Amsterdam, Dott raised β¬20 million in December 2018 from Naspers, EQT Ventures, Axel Springer and other backers and piloted 100 scooters in Paris in early 2019. It deliberately grew more slowly than competitors that were opening multiple cities a week, focusing on survival and unit economics. In 2024 Dott and TIER combined, creating a business spanning more than 400 cities; the merger delivered over β¬60 million in annual cost savings and made the company adjusted EBITDA positive, and the TIER rider app was rebranded to Dott. In October 2025 the company secured β¬85 million, comprising β¬70 million of senior secured floating rate Nordic bonds under a β¬150 million framework plus a Series D extension of at least β¬15 million, to fund a fleet-wide vehicle replacement programme starting in 2026.
Risks & controversies
Google Play reviewers report unreliable vehicles and batteries, broken or discharged scooters at parking bays, high prices in some markets such as Berlin, a non-functioning contact page, poor automated support chat and a lengthy sign-up and payment flow; the company responded publicly acknowledging accessibility and reliability shortcomings. Management identifies parking β limited bay density and rider confusion at the end of a trip β as the biggest product friction and its top product priority for 2026. The October 2025 bond carries a floating rate of 3-month Euribor plus 800 basis points with a four-year maturity, and part of the proceeds refinance existing debt. Safety remains a sector-wide issue, with rival operators having issued product recalls and fatalities reported in the industry, and at launch e-scooters were still illegal in the UK.
Compiled by commissioned research from 8 cited public sources β announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed β not independently audited.
Timeline Β· 4
launches, deals, and filingsDott raised β¬85 million, comprising β¬70 million of oversubscribed senior secured floating rate bonds issued in the Nordic market under a total β¬150 million framework (four-year maturity, 3-month Euribor plus 800bps, intended for admission to trading on Nasdaq Stockholm) plus a concurrent Series D extension of at least β¬15 million. Proceeds fund new e-bikes and e-scooters, refinancing of existing debt and general corporate purposes.
$85M source β
Dott launched a new Segway-supplied e-bike in Paris on 1 October 2025, to serve the city for the next four years of the micromobility season, as part of a wider β¬10 million investment in Paris.
$10M source β
TIER and Dott, both founded in 2018, joined forces in 2024 to form a combined European micromobility operator; the merger delivered over β¬60 million in annual cost savings and the company became adjusted EBITDA positive. The TIER rider app was subsequently rebranded to Dott.
Amsterdam-based Dott announced β¬20 million ($23 million) from media firm Naspers, EQT Ventures, Axel Springer and other backers, ahead of a 100-scooter pilot in Paris in early 2019.
$23M source β
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
βΈResearch sources Β· 8
primary sources listed
- dottridedott.com Β· web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does dott do?
- Dott is a European shared micromobility operator renting e-scooters and e-bikes in more than 400 cities.
- Who are dott's investors?
- dott's investors include Expon Capital, FELIX CAPITAL, Invest-NL, Kibo Ventures, SoftBank Vision Fund, White Star Capital.