Business / #ForbesBusiness

July 10, 2018,   4:52 PM

Uber Adds Scooters To Its Offerings Post Partnership With LimeBike

Nermeen Abbas


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Uber will add scooters to its diverse range of transport options that are available on demand, following a partnership with a U.S-based transport startup that offers bikes for rent.

The announcement comes as the bikes and scooters rental company LimeBike revealed that Uber is joining its $335 million current funding round, making a sizable investment. The deal allows Uber to work with LimeBike as a strategic partner within the electric scooter space to offer people a broad variety of transportation.

As per a statement by LimeBike, both companies are working together to co-brand Lime's scooters and make Lime available in the Uber app.

Lime is raising $335 million to expand its operations globally, develop new technologies and products for consumers and build out infrastructure and team. The funding round is led by GV, in addition to other new investors including Alphabet, IVP, Atomico and Fidelity Management and Research Company.

Lime's existing investors are Andreessen Horowitz, Coatue, Fifth Wall and GIC. Singapore Sovereign Wealth Fund also participated in the round.

"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," LimeBike said in a statement.

Founded in 2017 in Florida, LimeBike today has expanded to more than 70 markets across the United States and Europe in 12 months. It was also the first company to accept cash payments and give access to those without smartphones.

LimeBike surpassed six million rides later yesterday and its multimodal fleet of e-Scooters, e-Bikes and pedal bikes has helped to offset more than 2,375 tons of CO2.

Uber has made the bikes available in cities such as San Francisco, Sacramento, Santa Cruz, Washington DC, Chicago, and Austin.


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