Starting this week, Lime customers in Seattle will be capable of reserve a “LimePod,” a Lime-branded 2018 Fiat 500, inside the Lime cell app. There will probably be 50 vehicles obtainable to start out as a part of the corporate’s preliminary rollout. Lime plans to extend that quantity on the finish of the month.
“LimePods, Lime’s car-sharing product line, a convenient, affordable, weather-resistant mobility solution for communities,” a spokesperson for Lime stated in a press release supplied to TechCrunch. “The ease of use of finding, unlocking, and paying for cars will be consistent with how riders use Lime scooters and e-bikes today.”
Rides within the LimePod will value $1 to unlock the automobile and 40 cents per minute of use. The corporate plans to unleash further shareable vehicles in California early subsequent 12 months. Its scooters and e-bikes, for reference, are $1 to unlock and 15 cents per minute and common pedal bikes are $1 to unlock and 5 cents per minute.
Based in 2017 by Berkeley graduates Toby Solar and Brad Bao, the startup has raised a complete of $467 million up to now from GV, Andreessen Horowitz, IVP, Part 32, GGV Capital and extra. Experiences point out that Lime is on the fundraising circuit now, concentrating on a $three billion valuation, or almost 3x its newest valuation.
The corporate is increasing quickly, most not too long ago releasing a fleet of e-scooters and bikes in Australia, in addition to making notable hires on what looks as if a weekly foundation. Within the final month, Lime has tapped Joe Kraus, a basic accomplice at Alphabet’s enterprise arm GV and an current member of the startup’s board of administrators, as its first chief working officer. Earlier than that, it introduced on Uber’s former chief enterprise officer David Richter as its first-ever chief enterprise officer and interim chief monetary officer.
In July, the corporate employed Peter Dempster from ReachNow to steer the LimePod initiative out of Seattle.