Lime-S scooter. Photo: Lime

Lime, one of the startups filling sidewalks with electric scooters, is raising up to $500 million in new funding, possibly via a combination of equity and debt, Axios has learned from multiple sources.

Why it matters: With the recent scooter craze, rival startups like Lime, Bird, and Spin are seeking to build giant war chests.

More:

  • Lime is still meeting with prospective investors, so the final round amount could vary.
  • The debt piece may take the form of vehicle financing.
  • Like rival Spin, Lime got its start with bike-sharing (traditional and electric), but has quickly shifted its attention to scooters.
  • Lime raised $70 million in February, bringing its total funding to more than $130 million.

The story has been updated to clarify that Lime has both traditional and electric bikes.

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Updated 55 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 12 a.m. ET: 33,282,969 — Total deaths: 1,000,867 — Total recoveries: 23,066,203Map.
  2. U.S.: Total confirmed cases as of 12 a.m. ET: 7,148,009 — Total deaths: 205,069 — Total recoveries: 2,794,608 — Total tests: 102,342,416Map.
  3. Business: Companies are still holding back earnings guidance.
  4. Health: Trump announces plan to distribute 150 million rapid tests —The childless vaccine.
  5. Media: Fauci: Some of what Fox News reports about COVID-19 is "outlandish"
  6. States: Cuomo extends New York moratorium on evictions until 2021.
  7. World: More than 1 million people have now died from coronavirus — India the second country after U.S. to hit 6 million cases.

Bob Woodward: "I was not going to hide" my opinion on Trump

Bob Woodward didn't want to join Senate Republicans in privately condemning President Trump but declining to do so publicly, he told Jonathan Swan in an interview for "Axios on HBO."

Why it matters: Woodward has covered 9 presidents, but Trump is the first that Woodward explicitly described as "the wrong man for the job."

Watch the full Jonathan Swan interview with Bob Woodward

In the latest episode of "Axios on HBO," Jonathan Swan interviews Bob Woodward about his new book, "Rage," which was based on 19 interviews with President Trump.

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