Hyperdrive
Uber Will Rent Scooters Through Its App in Partnership With Lime
- Ride-hailing company invests as part of $335 million round
- Alphabet’s GV leads deal valuing Lime at $1.1 billion
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Electric scooter rental company Lime is teaming up with Uber to bring an unconventional mode of transportation to the world.
Uber Technologies Inc. is investing in Lime as part of a $335 million financing round, the companies plan to announce on Monday. The deal, led by Alphabet Inc.’s venture arm GV, values the scooter business at $1.1 billion.