Shared micromobility company Tier Mobility said on Wednesday it has acquired Fantasmo, a U.S.-based computer vision-powered e-scooter parking startup whose tech Tier had been trialing in multiple cities in Europe.
Tier will bring on all of Fantasmo’s 15 staff members and continue to invest in and develop what will now be an in-house Camera Positioning System (CPS) technology that the company says is more accurate than GPS and can validate e-scooter marking within 20 centimeters or less.
The acquisition signals both Tier’s commitment to abating the “public nuisance” effect of scooters parked on sidewalks and its continued pattern of acquiring strategically to either vertically integrate capabilities or gain more land and vehicles.
Neither company would shar …
