TIER Mobility to acquire Fantasmo Studios.

TIER Mobility, a German micromobility provider, agreed to acquire Fantasmo Studios, a 3-D mapping and virtual positioning software company. Financial terms were not disclosed. “With this new technology, we can directly address the concerns of vulnerable road users when it comes to how scooters are parked. The CPS mapping used by Fantasmo has a distinct advantage over GPS signals, which are often obscured by buildings, poor connectivity, trees, and atmospheric conditions. Besides educating our users, we want to provide them with the technology that they need to use e-scooters safely and responsibly and this partnership does just that,” Matthias Laug, TIER CTO and Co-Founder.