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Uber investment deepens ties with scooter startup Lime | Malay Mail

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WASHINGTON, May 7 — Uber is leading a US$170 million investment in scooter- and bike-sharing startup Lime, in a move that deepens the ties between the two “sharing economy” platforms, the companies said today. Under the deal, Uber will transfer its Jump electric bike and scooter operations to...

Uber’s Jump electric bikes and scooters will be managed by micromobility rival Lime under a tie-up between the two companies. — AFP pic

“Today’s announcement means that riders around the world will have even more integrated micromobility options at their fingertips, making car-free travel easier than ever before,” the two firms said in a joint statement. Also joining in the investment round are Alphabet, Bain Capital Ventures, GV and other existing and new investors, according to the statement.

Both firms have been struggling with a massive slump in demand due to the coronavirus outbreak and related lockdowns around the world.

 

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