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Red-hot mobility portability startup Lime declared it has raised a $335 million round of funding that is outstanding for its size, as well as for the name of a critical participant: Uber.
The round was driven by GV, and Joe Kraus will sit down on our board. Other new investors inccludes Alphabet, IVP, Atomico and Fidelity Management and Research Company. Our current investors, Andreessen Horowitz, Coatue, Fifth Wall and GIC, Singapore Sovereign Wealth Fund additionally took an interest in the round.
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“The new funds will give us the ability to expand our operations globally, develop new technologies and products for consumers and build out our infrastructure and team,” wrote Lime cofounder Toby Sun in a blog post
“Uber will work with us as a strategic partner in the electric scooter space to offer people a greater variety of transportation modes at their fingertips and make it increasingly easy to live without a car,” Sun wrote. “As electric scooters grow in popularity and become a more beloved way to travel short distances, the partnership adds to Uber’s vision of becoming a transportation platform for people around the globe. We are working to co-brand our scooters and make Lime available in the Uber app, with more news to follow. We could not be more thrilled about this partnership and what it brings to riders everywhere.”
The company intends to use the fund for the ability to expand our operations globally, develop new technologies and products for consumers and build out our infrastructure and team.
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