Dott, the Amsterdam-based micromobility company known for its shared e-scooters and e-bikes, has secured an additional $70 million, extending its Series B round to over $150 million.
This brings the total funding to $228 million, following the initial $85 million raised in its 2021 Series B.
Strengthening Europe’s Micromobility Leader
Since merging with TIER Mobility in 2024, Dott has become one of Europe’s largest micromobility operators, serving over 400 cities across 21 countries. The merger has resulted in €60 million in annual cost savings, making the combined company EBITDA positive and strengthening its competitive position against rivals like Voi and Lime.
The European micromobility market is intensifying, with new city tenders, stricter regulations, and growing pressure for profitability. The latest raise signals strong investor confidence in its ability to scale responsibly while maintaining operational efficiency.
“Launching e-bikes was a turning point for us,” said Henri Moissinac, Co-founder and CEO of Dott. “They’re familiar, accessible, and broaden the appeal of our service. This new funding allows us to bring sustainable, safe, and affordable mobility to even more people across Europe.”
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Responsible Growth and Operational Excellence
Unlike many competitors, the company operates a fully in-house logistics and maintenance model, ensuring quality control and sustainability across its fleet. The company is known for its rigorous environmental standards, including minimizing its carbon footprint through repair-first maintenance and low-emission operations.
“Dott has proven it can lead with both growth and responsibility,” said Alistair Watson, Head of Strategy Innovation, Private Equity at abrdn. “Its consistent performance, combined with a sustainability-first model, positions it as a standout operator in the sector.”
Financing Structure and Strategic Focus
The €70 million was raised through senior secured floating rate bonds in the Nordic market, under a €150 million total framework (the “Nordic Bonds”). Alongside this, the firm is finalizing an additional €15 million in preferred equity as part of an ongoing Series D extension.
The new funding will be used to:
- Expand Dott’s e-bike fleet across key European cities
- Enhance product and software development for improved rider experience
- Invest in safety and sustainability initiatives
- Enter new markets to strengthen its European footprint
About Dott
Dott is a leading European micromobility company operating shared e-bikes and e-scooters across more than 400 cities. On a mission to make urban transport sustainable and accessible, Dott helps reduce congestion and pollution through reliable, eco-friendly mobility solutions. By managing all operations in-house, Dott ensures efficiency, safety, and environmental responsibility in every ride.
