Jul 9, 2018

Uber invests in Lime city scooter hire company

Ride-hailing business Uber has announced a deal with scooter hire company Lime. Lime lets people hire scooters, electric bikes and pedal cycles in 46 cities. In a blog announcing the link, Lime founder Toby Sun said Uber had made a "Sizable investment". Earlier this year, Uber signalled its move into other forms of rentable city travel systems when it paid $200m to acquire Jump, which runs an electric bike hire service. Uber's deal with Lime comes soon after rival Lyft announced it was buying Motivate - a bike-sharing company active largely in the US. Schemes that let city dwellers rent electric bikes and scooters have grown in popularity over the past 12 months.

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