Press Release May 07, 2020

Lime’s $170 Million Investment Round is Led by Uber

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 McCuskerMichelle Knoop, Sandy de Sauvage and Alexandra Andorfer on corporate and investment matters and Larry ChuNathan HaglerJohn HutarJordan Klein and Jason Bark on acquisition matters.

For additional details on the investment, please read Lime’s announcement.