Uber leads $170 million investment round for bike-sharing startup Lime

Reuters India Thursday, 7 May 2020 ()
Bike-sharing service provider Lime said on Thursday it raised $170 million in an investment round led by Uber Technologies Inc, with Alphabet Inc, Bain Capital Ventures and GV among other participants.
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News video: Uber Leads $170 Million Investment in Lime

Uber Leads $170 Million Investment in Lime 00:21

Uber is officially leading a $170 million funding round in the electric scooter company, Lime. Under the deal Uber will transfer its own e-bike and scooter division called Jump to Lime and the companies will continue to integrate their apps.