Dockless electric scooter share company Lime raised $335 million from six investors in its latest round of funding and will begin to co-brand its scooters with Uber, according to Fortune.
The new funding came from GV — formerly Google Ventures — Uber, Alphabet, IVP, Atomico and Fidelity and rose the company's value to $1 billion. The investment from Uber will make Lime scooters available through Uber's app.
"As electric scooters grow in popularity and become a more beloved way to travel short distances, the partnership adds to Uber's vision of becoming a transportation platform for people around the globe," Lime co-founders Toby Sun and Brad Bao wrote in a blog post. "We are working to co-brand our scooters and make Lime available in the Uber app, with more news to follow. We could not be more thrilled about this partnership and what it brings to riders everywhere."
For Uber, the investment in Lime is "another step towards our vision of becoming a one-stop shop for all your transportation needs," said Rachel Holt, Uber's vice president and head of new modalities, according to Fortune.