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.…

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.
“We’re glad that our customers will continue to have access to bikes and scooters in both our apps because we believe micro-mobility is a critical part of the urban landscape, now more than ever,” Uber CEO Dara Khosrowshahi said in the press release.
Yesterday, Uber announced a massive round of
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