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Monday, 2 July 2018

Alphabet invests in Lime's electric scooter service

You didn't think Silicon Valley's biggest names would stand on the sidelines while the electric scooter trend continued to grow, did you? The Financial Times sources have learned that Alphabet has invested directly in scooter service Lime as part of a larger $300 million funding round that already included Google Ventures. There's no mention of how much cash was heading Lime's way, but GV was reportedly leading the group, and Alphabet put in a similar amount -- there's a lot of money involved. It's not certain why Alphabet is so heavily involved (all the parties involved have declined to comment)....read more >>