#Uber scoots into the scooter business

#Uber scoots into the scooter business
#Uber has jumped into the scooter wars, with a $335 million investment in San Mateo, California-based scooter #startup Lime, Bloomberg reports. The investment is part of a larger deal led by Alphabet's venture capital arm GV that values Lime at $1.1 billion. As part of the deal, Uber aims to include Lime scooter sharing to its app and add the Uber logo to Lime's scooters, according to Bloomberg. The investment comes as Uber continues to move into urban transportation options aside from car service. In April, Uber acquired electric bicycle sharing startup Jump Bikes for $100 million. #business #investments #transportation #venturecapital #urban #electricity #howto #bloomberg #options #bicycle