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 wrote in a blog that Uber’s “sizable investment” is part of a $335 million fund-raising round led by GV, the venture-capital arm of Google parent Alphabet Inc.
They said Alphabet is among several new investors.
The money will help Lime expand and develop new products.
According to the company website, customers can rent Lime scooters in more than 70 locations in the United States and Europe and leave them parked for the next customer to ride.
The company is looking to buy tens of thousands of motorized foot-pedal scooters to expand its reach.
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