Bike sharing startup Lime raised $170 million from Uber & others

Bike-sharing startup Lime raised $170 million led by Uber, where Alphabet, Bain Capital Ventures & GV also participated

As a part of the investment, Lime acquired electric bicycle service JUMP Bikes, which was bought by ride-hailing company Uber in 2018, the company said.

Lime also said it promoted its global operation head Wayne Ting to Chief Executive Officer. The company had raised $335 million from a group of investors in 2018, which also included Uber and Alphabet.

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