September 25, 2020 Breaking News, Latest News, and Videos

More Limes? Company Announces in $335 Million in New Funding

Monday July 9 saw Lime bike share and scooter company announce another jumbo round of funding – $335M, bringing their total amount raised to $467M. Uber is investing in Lime and plans to begin renting Lime scooters through their app, as well, according to the company.

“Lime is proud to provide Angelenos with cleaner, more convenient alternatives to cars,” said Thomas Lord, Lime’s Los Angeles General Manager. “This exciting new funding round will allow us to fundamentally transform the way that people get around L.A.”

Led by GV (formerly Google Ventures), this round will allow the company to continue expanding operations throughout the US and Europe, developing new technologies and more refined mobile applications to bring a new flavor to smart mobility.  Other new investors include Alphabet, IVP, Atomico and Fidelity. Lime’s existing investors, Andreessen Horowitz, Coatue and Fifth Wall also participated in the round.

More information on the raise can be found here.

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