Uber, Alphabet invest in bike sharing service Lime

Bike sharing service Lime said on Monday it raised $335 million from a group of investors including ride-sharing firm Uber Technologies Inc and Alphabet Inc.  Uber will work with Lime as a strategic partner in the electric scooter space with the companies working to co-brand Lime’s scooters and make the service available on the Uber app. The investment round was led by GV, formerly Google Ventures, and the other new investors included IVP, Atomico and Fidelity Management and Research Company, Lime said in a blog post . The latest investment round values California-based Lime at $1.1 billion, Bloomberg reported earlier on Monday.

Read more here