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Alphabet And Uber Spend In Bike Sharing Company Lime

Lime, the bike sharing service, this week claimed that it lifted $335 Million from a group of sponsors comprising Alphabet Inc. and Uber Technologies Inc., the ride-sharing company. Uber will operate with Lime as a tactical associate in the electric scooter sector with the firms operating to co-brand scooters from Lime and make the service obtainable on the Uber application.

The round of funding was spearheaded by GV, previously Google Ventures, and the other new sponsors comprising Atomico, Fidelity Management, and Research Company, and IVP, Lime claimed to the media in an interview this week. The newest investment round capitalizes California-located Lime at $1.1 Billion, the media claimed in a report earlier this week.

Lime’s competitor in the electric scooter segment, Bird, lifted $300 Million in June this year in a round spearheaded by Sequoia Capital, offering the firm a $2 Billion capitalization. Lime’s current investors, comprising Singapore’s GIC and Andreessen Horowitz, also took part in the newest round of funding.

Uber previously this year decided to purchase JUMP Bikes (the electric bicycle service) and was amongst the firms applying for a scooter license in June in San Francisco. Lime, which runs scooter and bike offers in almost 60 university campuses and cities in the U.S. has rolled out processes in the German cities of Frankfurt and Berlin and in Zurich, Switzerland.

On a relegated note, a recently found that men who drive for Uber get almost 7% more wage in comparison to women drivers. The study was by the National Bureau of Economic Research that also mentions 3 main causes for the differences in wages.

Seeing information from over 1 Million drivers working for Uber, scientists established differences in how female and male drivers look at their jobs that they think account for the unbalanced pay. Males drive quicker; males get more driving experience, and males drive in more profitable but sometimes less secure areas.

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