Uber invests in Lime electric scooters

Washington – Uber has decided to invest in Lime electric scooters alongside Google, announced this Californian start-up Monday.
  

GV (Google Ventures) and Uber are among the groups that have invested $ 335 million in Lime alongside Alphabet, Google's parent company, and other investors, said Toby Sun, one of Lime leaders. The investment doubles as a partnership that will allow Lime users to make their reservations from the Uber app and vice versa.

" These new resources will give us the opportunity to expand our operations globally, develop new technologies and products for our consumers as well as our infrastructure and teams ," added Toby Sun.

In April, Uber acquired another start-up specializing in shared electric bikes, Jump. Its main rival in the United States, Lyft, followed suit by announcing last week the acquisition of Motivate, also specialized in bike sharing.

Lime offers his electric scooters in some 70 cities around the world, including, since last month, Paris.

With this new investment, Lime's valuation would exceed $ 1 billion. The other participants are IVP, Atomico and Fidelity Management and Research Company who join Andreessen Horowitz, Coatue, Fifth Wall and Singapore GIC sovereign wealth fund.