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Bike-sharing startup Lime raised $170M from Uber

Nabanita Dutta

News Editor
Image Credit: shortpedia

Popular bike and scooter sharing app Lime has raised $170 million of funding in a round that was led by Uber. The round also witnessed participation from Alphabet, Bain Capital Ventures, G.V and other existing and new investors. Micromobility is vital and Lime will continue to focus on that. Lime has recently promoted Wayne Ting as their CEO, while the current CEO Brad Bao will continue as Chairman of the board.