Uber was among the participants in a $418m convertible debt round forming part of the financing, which will help the urban mobility provider boost global expansion.
US-based urban mobility service Lime has raised $523m in convertible debt and term loan financing from investors including ride hailing service Uber.
Uber, investment and financial services group Fidelity, Abu Dhabi Growth Fund and Highbridge Capital Management provided $418m in convertible debt while UBS O’Connor supplied a $105m term loan, according to TechCrunch.
Founded in 2017, Lime provides electric scooter and bicycle rental services in 120 cities worldwide. It will use the capital to boost its growth and expand into…
