Uber leads $170 million Lime investment, offloads Jump to Lime

Uber leads $170 million Lime investment, offloads Jump to Lime

4 years ago
Anonymous $pSba0tWIcA

https://techcrunch.com/2020/05/07/uber-leads-170-million-lime-investment-offloads-jump-to-lime/

Lime has announced that it has raised a $170 million funding round. Uber is the leading investor with existing investors Alphabet, Bain Capital Ventures, GV and others also participating. The Information first reported on the new funding round, before the official announcement.

As part of the deal, Lime is also acquiring Uber’s micromobility subsidiary Jump. There will be more integrations between Uber and Jump in the future, but both apps will remain active for now. It’s still unclear whether you’re going to be able to unlock Lime electric scooters in the Uber app, and Jump scooters and electric bikes in the Lime app.