Cryptocurrency Q&A
Is Lime owned by Uber?
Is Lime owned by Uber?
Valentina
Sun Aug 11 2024
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5 answers
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I'm curious to know if Lime, the popular bike and scooter sharing service, is actually owned by Uber, the ride-hailing giant. I've seen the two companies mentioned together in some articles and I'm wondering if there's a connection between them. Is Lime, in fact, a subsidiary of Uber, or are they two separate and independent companies? I'd appreciate any clarification on this matter.
5 answers
HanjiArtistry
Tue Aug 13 2024
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Alessandro
Tue Aug 13 2024
Uber, a leading ride-hailing company, had a significant investment in Lime, holding approximately 29% of the bike-sharing firm's stake by the end of last year. Recognizing the potential in Lime's business model, Uber decided to further strengthen its relationship with the company.
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SsamziegangSerenadeMelodyHarmony
Tue Aug 13 2024
In a strategic move, Uber led a $170 million funding round for Lime, demonstrating its commitment to the bike-sharing industry and Lime's growth prospects. This investment round not only infused much-needed capital into Lime but also aligned the interests of both companies.
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Bianca
Tue Aug 13 2024
As part of the deal, Uber sold its Jump bike-sharing business operations to Lime. This transfer allowed Lime to expand its fleet of bikes and enhance its presence in various markets. It also signaled Uber's confidence in Lime's ability to manage and grow the Jump business.
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Alessandra
Tue Aug 13 2024
The acquisition of Jump by Lime is a testament to the latter's robust infrastructure and operational capabilities. With the integration of Jump's assets, Lime is poised to become an even more formidable player in the bike-sharing space.
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