https://techcrunch.com/2024/01/10/micromobility-startups-tier-and-dott-plan-to-merge-to-find-a-path-to-profitability/ > After years of exploding growth and massive funding rounds, it’s time for consolidation in the micromobility industry. Tier and Dott, two leading European companies in the space, have announced that they plan to merge. Transaction is expected to close within two months of today’s news. > This shouldn’t come as a surprise as many free-floating scooter and e-bike companies have been struggling over the last few months. Just a few days ago, Superpedestrian announced that it would shut down. Bird also filed for bankruptcy at the end of December.