. Military Space News .
CAR TECH
Uber joins scooter wars with Lime investment
by Staff Writers
Washington (AFP) July 9, 2018

Uber made a move into electric scooters Monday, as the ride-service giant agreed to a strategic partnership with Lime, one of the major players in the fast-growing segment.

Lime announced the new $335 million investment to be led by GV -- formerly Google Ventures -- with additional funding from Google parent Alphabet and others including Uber.

Uber will make "a sizable investment," according to Lime co-founder and chief executive Toby Sun, and will enter into a partnership allowing users to rent scooters directly from the Uber app.

"The new funds will give us the ability to expand our operations globally, develop new technologies and products for consumers and build out our infrastructure and team," Sun said in a blog post.

"Uber will work with us as a strategic partner in the electric scooter space to offer people a greater variety of transportation modes at their fingertips and make it increasingly easy to live without a car."

Sun said the agreement will allow for co-branded scooters which will be available in the Uber app.

Uber recently acquired the electric bike startup Jump and allowed users to choose two-wheelers as it moves to expand its role in transport beyond ride-hailing.

Its rival Lyft, meanwhile, acquired the bike-sharing group Motivate as part of a similar strategy.

Lime offers electric scooters in about 70 cities in the US and Europe, with a launch last month in Paris.

Scooter sharing has been gaining traction for short-distance transport in cities. Proponents claim the electric two-wheelers can be an alternative to the automobile.

The trend has led to a frenzy of investment in scooter startups, with Lime and Bird reportedly reaching valuations of more than $1 billion.

The new Lime investors include IVP, Atomico and Fidelity Management and Research Company, joining existing investors Andreessen Horowitz, Coatue, Fifth Wall and the Singapore sovereign wealth fund GIC.

rl/it

GOOGLE


Related Links
Car Technology at SpaceMart.com


Thanks for being here;
We need your help. The Space Media Network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceMediaNetwork Contributor
$5 Billed Once


credit card or paypal
SpaceMediaNetwork Monthly Supporter
$5 Billed Monthly


paypal only


CAR TECH
China's CATL to build first EU electric car battery plant in Germany
Berlin (AFP) July 9, 2018
Chinese firm CATL will build a battery factory in central Germany to supply the country's key auto industry in its transformation toward electric cars, an investment hailed Monday by Chancellor Angela Merkel as a "new step" in Sino-European cooperation. The factory will be the only such manufacturing site in all of Europe, noted Merkel at a press conference with Chinese Prime Minister Li Keqiang following talks involving both countries' cabinets. "It is therefore of course a qualitative new ste ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

CAR TECH
AEGIS Weapons System sale to Spain approved by State Department

Pentagon awards Lockheed $78M for AEGIS development

Saudi says two Yemen rebel missiles intercepted over Riyadh

Japan says halting missile drills after Trump-Kim summit

CAR TECH
Finnish navy to acquire Gabriel anti-ship missiles

Orbital tapped for Coyote supersonic sea skimming targets for Navy

Raytheon to produce Griffin missile for U.S. Special Ops

BAE contracted for laser-guided APKWS rocket systems

CAR TECH
Rolls-Royce awarded $420M contract for drone engines

Facebook halts production of drones for internet delivery

Navy contracts Raytheon for LOCUST prototype

Australia buys high-tech drones to monitor South China Sea, Pacific

CAR TECH
New Land Mobile Technology Driving The Need For Modern Satcom Capabilities

On-the-move communications system set to field this fall

Lockheed Martin's 5th AEHF comsat completes launch environment test

IAP Worldwide Services tapped for satellite systems

CAR TECH
Honeywell tapped for M1 tank engine refurbishment

Rheinmetall tapped for laser light for Bundeswehr assault rifles

Lockheed tapped for AN/VSQ-6B sensor system spare parts

Northrop Grumman contracted for mine detection system support

CAR TECH
Qatar discussed Russian arms deal, but 'no decision': emir

Rolls-Royce sells commercial marine unit

French arms exports halved in 2017, Mideast clients still biggest

Navy contracts with GenDyn for aircraft gun systems

CAR TECH
U.S., Philippine navies start Sama Sama training activity

Trudeau urges 'firm response' to Russia ahead of NATO summit

NATO, Russia, friends, enemies: Trump reshuffles the deck

Trump slams NATO spending on eve of departure for summit

CAR TECH
Squeezing light at the nanoscale

A new way to measure energy in microscopic machines

AI-based method could speed development of specialized nanoparticles

Researchers use magnets to move tiny DNA-based nano-devices









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.