Berlin-based Tier Mobility will use the money to fuel its expansion across the continent. The firm currently operates in 40 cities across 12 countries. (The Logic)

Talking point: Lime president Joe Kraus said on Sunday the widespread use of similar hardware and operations in similar cities make European acquisitions unappealing. Last Thursday, Bird CEO Travis VanderZanden downplayed the potential for any new acquisitions. Lime has the market share to wait out smaller rivals—in September it became the first e-scooter company to hit 100 million rides—and Bird has the cash; the company raised US$275 million last week, backed by Montreal-based pension fund Caisse de dépôt et placement du Québec. But the rapid growth of other European e-scooter startups is increasingly an issue for both companies. Tier Mobility, for example, had 10 million rides in 11 months of operation. It took Lime about 14 months to hit 11.5 million rides. Bird and Lime face little pressure in Canada, although they are increasingly contending with well-financed foreign firms. Spin, which is owned by Ford Motor Company, operates in Kelowna, B.C. Uber subsidiary Jump operates in Montreal.