1. Uber will invest in Lime, along with offering scooters through the Uber app. The ride-hailing company will be a part of Lime’s Series C funding round, where it will be raising $335 million. The deal, led by Alphabet’s venture arm GV, will value Lime at $1.1 billion. Uber plans on offering Lime’s scooters to users in its app, while also offering promoting Lime on its mobile app and integrating the Uber logo on some of its scooters. This comes after Uber acquired bike sharing company JUMP Bikes and appointed Rachel Holt as its head of new modalities, looking into how to expand Uber’s footprint beyond ride-hailing. Holt told Bloomberg that Uber was drawn to Lime because of its footprint in major cities, but doesn’t preclude Uber from entering the scooter business on its own. Uber applied for its own license to operate scooters in San Francisco, through its JUMP Bikes division.— BLOOMBERG
2. Tweets about the Uber-Lime deal.
“This is the “Amazon for transportation” thing Uber CEO has talked about. Company will have a piece of many transport transactions even those that don’t happen on the app. Think Google maps but if Google owned all of or a cut of every part of a trip.” — @JMBooyah
“Uber strikes scooter deal w/ Lime: 1. Lime took $$ from GV & Alphabet, so it's another case of Uber indirectly partnering w/ the co that sued it. 2. Uber & Lime are competing for the 5 scooter licenses in SF. 3. Got to wonder if this is prelude to M&A, like Uber's deal w/ Jump” — @danprimack
“The long-expected bike share mergers & acquisitions game is in full swing. Here's a 1st pass at the current teams. Guesses on who/what are next? Team 1 - Uber, Jump, Lime, Alphabet GV Team 2- Lyft, Motivate Team 3 - Didi Chuxing, ofo Undeclared - Spin, Mobike, Bird” — @kfillinyeh