Scooter startup Lime is reportedly raising $250M led by Uber investor GV
https://techcrunch.com/2018/06/05/scooter-startup-lime-is-reportedly-raising-250m-led-by-uber-investor-gv/
It’s scooters all the way down this morning, with Lime also reportedly raising $250 million in a funding this morning after a new Delaware filing this morning indicated that competitor Bird authorized the sale of up to $200 million in shares.
GV (formerly Google Ventures) is leading this round, according to the report by Axios, as the massive land grab for a stake in the scooter wars continues to heat up — whether that’s funding or actual scooters piling up on the sidewalk. Both companies have faced pushback from some city regulators (probably on the basis of tripping over them and falling on your face), but it still means the venture community is still salivating over potentially the next major mode of metropolitan transportation. Most venture investors in the Valley argue scooters make sense for short trips throughout areas that are just too far to be considered a trek, but too close that it would be a waste of time and money to call a ride share like Uber or Lyft.