Home > Business > Uber Poised to Make Investment in Scooter-rental Business

Uber Poised to Make Investment in Scooter-rental Business

Uber is getting into the scooter-rental business.

The ride-hailing company said Monday that it is investing in Lime, a startup based in San Mateo, California.

“Our investment and partnership in Lime is another step towards our vision of becoming a one-stop shop for all your transportation needs,” Rachel Holt, an Uber vice president, said in a statement.

Uber will add Lime motorized scooters to the Uber mobile app, giving consumers another option for getting around cities, especially to and from public transit systems, Holt said.

Financial details of the deal were not disclosed.

Lime co-founders Toby Sun and Brad Bao …read more