The Technology team advised Lime in connection with its $170 million dollar investment round led by Uber with participation from Alphabet, Bain Capital Ventures, GV and other existing and new investors. This investment reaffirms Lime’s market strength and positions the company to build a long-lasting business that empowers people with sustainable, safe and affordable transportation options. As part of the investment, Lime has acquired JUMP’s business operations, Uber’s electric bike and scooter division, and will further expand its mobile app integration with Uber.
Lime is founded on a simple idea that all communities deserve access to smart, affordable mobility. Through the equitable distribution of shared scooters, bikes and transit vehicles, we aim to reduce dependence on personal automobiles for short distance transportation and leave future generations with a cleaner, healthier planet.
The Goodwin team was led by Anthony McCusker, Michelle Knoop, Sandy de Sauvage and Alexandra Andorfer on corporate and investment matters and Larry Chu, Nathan Hagler, John Hutar and Jordan Klein on acquisition matters.
For additional details on the investment, please read Lime’s announcement.