Uber has led a $170m investment in Lime that also included GV and closed alongside Lime’s acquisition of Uber’s micromobility subsidiary Jump.
US-based urban mobility service Lime collected $170m in funding on Thursday led by ride sharing company Uber, with participation from conglomerate Alphabet’s early-stage investment unit GV.
Bain Capital Ventures also took part in the round, as did a range of unnamed new and existing backers. Lime’s valuation has dropped from $2.4bn to $510m, according to The Information.
The transaction involved Uber offloading its micromobility service, Jump, to Lime. Going forward, customers will be able to unlock bikes using both companies’…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
