The Alphabet and Uber-backed e-scooter rental service is reportedly in talks to raise money at a $400m valuation, down from $2.4bn in early 2019.

Lime, the US-based urban mobility service backed by corporates Alphabet and Uber, is seeking new funding at a $400m valuation, The Information reported yesterday, citing people familiar with the matter. The prospective valuation would represent a huge shave from the $2.4bn valuation at which the company last raised money, in a $310m series D round…

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