1 of 10
Lime announced the new $335 million investment to be led by GV -- formerly Google Ventures -- with additional funding from Google parent Alphabet and others including Uber.
2 of 10
Uber will make "a sizable investment," according to Lime co-founder and chief executive Toby Sun, and will enter into a partnership allowing users to rent scooters directly from the Uber app.
3 of 10
"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," Sun said in a blog post.
4 of 10
"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."
5 of 10
Sun said the agreement will allow for co-branded scooters which will be available in the Uber app.
6 of 10
Uber recently acquired the electric bike startup Jump and allowed users to choose two-wheelers as it moves to expand its role in transport beyond ride-hailing.
7 of 10
Its rival Lyft, meanwhile, acquired the bike-sharing group Motivate as part of a similar strategy. Lime offers electric scooters in about 70 cities in the US and Europe, with a launch last month in Paris.
8 of 10
Scooter sharing has been gaining traction for short-distance transport in cities. Proponents claim the electric two-wheelers can be an alternative to the automobile.
9 of 10
The trend has led to a frenzy of investment in scooter startups, with Lime and Bird reportedly reaching valuations of more than $1 billion.
10 of 10
The new Lime investors include IVP, Atomico and Fidelity Management and Research Company, joining existing investors Andreessen Horowitz, Coatue, Fifth Wall and the Singapore sovereign wealth fund GIC.