Uber is with GV in an investment into scooter heavyweight . The will bring Lime���s aggregate funding to $467 million and its valuation to a $1.1 billion.
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Users will be able to rent Lime scooters from within the Uber app, and Uber���s branding will be added to all Lime scooters. The report also noted that Uber���s CEO, Dara Khosrowshahi, envisions Uber���s app becoming a hub of transportation services.
The funding announcement comes as the latest of many for the scooter sector. Lime���s main competitor, , officially closed its recently, pushing its valuation from just $300 million in March to $2 billion in June.
In total, across all leading platforms, including the much-less-mentioned (with only $8 million in known funding), dockless electric scooter companies have raised nearly $900 million, as the following chart shows:

Its Lime investment isn���t the first time that Uber has reached into other transportation verticals. The company acquired Jump, an electric bicycle company, in June. And Lyft, Uber���s main U.S. competitor, purchased bikesharing startup Motivate in a deal announced last week.
Becoming a hub for transportation is not an uncommon approach If you follow companies in China. China���s ride hailing giant (which coincidentally beat Uber in China) and online-to-offline heavyweight have similarly aimed to dominate all verticals within their respective industries. That vision of becoming a transportation superapp is, therefore, not unprecedented or too far out of reach.
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