Uber leads $170 mn investment in bike-sharing startup Lime

Scooter-sharing startup Lime has announced that Uber is leading its $170 million investment round. The round has also seen participation from Alphabet, Bain Capital Ventures, GV and other existing and new investors. As part of the deal, Lime will acquire Uber's bike and scooter business, Jump. Uber and Lime will also expand the integration of their mobile apps, Lime said.