Dott, a leading European shared micromobility company, announced it has raised a total of €85 million through two complementary financing transactions: the issuance of €70 million in senior secured floating rate bonds in the Nordic market and a minimum of €15 million in preferred equity as an extension of its Series D round.
The €70 million Nordic Bonds were issued within a total framework of €150 million and mark a significant milestone in Dott’s strategic growth and profitability roadmap. The proceeds will be used to acquire new e-bikes and e-scooters, refinance existing debt, and support general corporate purposes.
Dott has reported strong performance metrics throughout 2025, achieving a 10% year-over-year increase in rides per rider and a milestone where 50% of rides are now made using passes. The company plans to utilize the new capital to invest in its next-generation fleet of vehicles, designed to provide enhanced comfort, extended range, improved availability, and greater affordability for everyday commuters.
Following its 2024 merger with TIER, Dott has become one of the largest micromobility providers across Europe, the Middle East, and Africa. The combined company operates in over 400 cities across 21 countries and has realized more than €60 million in annual cost savings, enabling adjusted EBITDA profitability. The upcoming 2026 vehicle deployment — including the recent launch of Dott’s new e-bike in Paris — is expected to further improve unit economics through reduced maintenance costs and longer vehicle lifetimes.
The Nordic Bonds have a four-year tenor and carry a floating interest rate of three-month EURIBOR plus 0.80% (800 basis points).
Dott plans to apply for admission to trading of the bonds on Nasdaq Stockholm.
Support: ABG Sundal Collier acted as Sole Bookrunner, while White & Case served as legal counsel to the company, and Schjødt advised the Bookrunner.
KEY QUOTES:
“Seven years after we created Dott, this successful and oversubscribed bond issuance demonstrates the strong support from investors for our mission and our strategy. Since the merger of TIER and Dott, we have delivered on our commitment to achieve EBITDA profitability and to build a resilient, sustainable business. This new financing allows us to continue investing in cleaner, safer vehicles and to further advance our mission to change mobility for good.”
Henri Moissinac, CEO and Co-Founder of Dott
“We are very satisfied with the strong reception from the Nordic bond market and the continued support of our shareholders, reflecting confidence in our solid post-merger operational performance and disciplined financial management. This issuance further strengthens our balance sheet, extends our debt maturity profile, and supports our FY2026 profitable growth plans as we renew our fleet across key European cities within our existing footprint.”
Raoul Gatzen, Group CFO of Dott
