Uber is set for a payday from Lime's IPO — and is interested in doubling down on the scooter bet

Uber is set for a payday from Lime's IPO — and is interested in doubling down on the scooter bet

Uber, with 24% stake in Lime (~$350M at IPO), plans $20M additional investment. The partnership exemplifies Uber's aggregator model—leveraging its rider base for Lime acquisition (14% of Lime revenue)—a strategy Uber replicates with robotaxi partners (Waymo, Baidu) to scale mobility without marketing costs.