German escooter firm unveils plans to boost London economy by £6.7m

A German escooter company has revealed plans to boost the London’s retail and restaurant revenues by £6.7m.

TIER, which operates in 75 countries, is planning to build a network of fourth generation escooter charging stations around the capital, often within shops and cafes.

In a Finnish trial of the scheme, visitors to the charging stations spent an average of £2.85 while at the site, amounting to approximately £16,650 across a year.

If TIER is selected a partner for the UK trial, it plans to install 400 charging pods in London, which could boost revenues by £6.7m in a year.

Fred Jones, UK general manager of TIER, commented: “Our escooters are already having a hugely positive impact on cities in reducing congestion and pollution, and now thanks to this new model, we can also help local businesses to reap the rewards of escooter trials.

“We’ve seen the tangible benefits that our charging network can offer retail stores and restaurants and we would love to be able to replicate this in London, especially given the difficulties our high street is facing when it comes to footfall.

“The user-swappable battery and charging network is a unique idea which has the potential to revolutionise urban transport and boost local economies.”

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