Retail

Tier plans to charge its e-scooter batteries in shops with PowerBoxes

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LONDON – Tier, the Berlin mobility start-up backed by Japanese tech behemoth SoftBank, has a grand plan to keep its rental scooter batteries full of juice: power them in local stores.

The company is planning to use some of the $250 million it raised from SoftBank and other investors last November to install battery charging stations in 4,500 shops around the world in the next 12 months.

“We already have signed up a lot of stores,” said Lawrence Leuschner, CEO and co-founder of Tier, in an interview with CNBC.

The 37-year-old entrepreneur said the required charging pods, known as PowerBoxes, are roughly one meter squared, and can run off a standard plug socket. He added that Tier will pay…



Source cnbc.com

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