San Mateo, California-based Lime, operator of a fleet of lime-green colored bicycles and electric scooters, announced on Monday it has raised $335 million in a round led by GV that reportedly values the company at $1.1 billion. Also participating in the round is strategic investor Uber and new investors Alphabet, IVP, Atomico and Fidelity Management and Research Company. Existing investors Andreessen Horowitz, Coatue Management, Fifth Wall and GIC also participated in the round.
As part of the funding, GV General Partner Joe Kraus has joined the board. Uber, which earlier this year bought bike sharing company Jump, will partner with Lime to provide its electric scooters for rental in available markets.
Source: Lime blog post