Uber has led a $170m investment in StanfordStartX Fund-backed Lime that closed alongside Lime’s acquisition of Uber’s micromobility subsidiary Jump.

Lime, a US-based urban mobility service backed by Stanford University-linked StanfordStartX Fund, collected $170m in funding on Thursday led by ride sharing company Uber.
Bain Capital Ventures and conglomerate Alphabet’s early-stage investment unit GV took part in the round together with 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…

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Thierry Heles

Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
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