Lime is reportedly attempting to squeeze up to $500 million out of VCs


Lime, the electrical scooter and bike company, is trying to steal up to $500 million in fresh funding, Axios studies, citing sources. The round also can come within the create of every equity and debt, in defending with Axios.

Up to now, Lime has raised $132 million from investors. Its most modern round modified into once appropriate in February, when it raised $70 million from Fifth Wall. I’ve reached out to Lime about this probably fresh round and ought to replace this narrative if I hear inspire.

Earlier this month, Lime announced a partnership with Segway to make model two of its electrical scooters. Lime, alongside with its rivals Bird and Dawdle, all within the waste depend on Ninebot, a Chinese language scooter company that has merged with Segway. Ninebot is backed by investors at the side of Sequoia Capital, Xiaomi and ShunWei.

With out taking into story Lime’s probably round, right here’s where Lime compares to Bird and Dawdle.

The electrical scooter dwelling has been under scrutiny as of slow — partly due to the fact that Bird, Dawdle and Lime deployed their respective scooters without explicit permission in San Francisco inspire in March.

Lower than one month ago, the San Francisco Municipal Transportation Authority announced its allowing route of for electrical scooters. That you just can read extra about that right here.

And in expose for you the plump breakdown of what the deal is in San Francisco because it pertains to electrical scooters, right here’s the narrative.

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