InvestorQ : Why has Uber invested in start up Lime and what are the synergies?
vidhya Laxmi made post

Why has Uber invested in start up Lime and what are the synergies?

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1 year ago
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It is not just Uber but a clutch who have invested in Bike-sharing service provider, Lime. According to a statement by Lime, it raised $170 million in an investment round led by Uber Technologies, Alphabet, Bain Capital Ventures and other participants. As a part of the investment, Lime acquired electric bicycle service JUMP Bikes, which was bought by ride-hailing company Uber in 2018. Earlier, Lime had raised $335 million from a group of investors in 2018, which included Uber and Alphabet. Bike sharing is seen as the next big opportunity which has been in existence for some time now but is yet to attain scale.

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