Uber is adding electric scooters to its stable of transportation options. According to Bloomberg, the ride-hail giant is investing in Lime in a new $335 million round of financing led by Alphabet’s venture arm, GV, that values the electric scooter company at $1.1 billion. Under the deal, Lime’s e-scooters will become available to rent on Uber’s app.
A spokesperson for Uber confirmed the deal, and Lime published a blog post announcing some details about the investment. Uber also plans on slapping its logo on some of Lime’s lightweight electric scooters, though it won’t say how many or in which cities the partnership will be rolled out to first. Lime is based in Sam Mateo, California, and its scooters can be found in 70 cities in the US...
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