Stories

The electric scooter wars are entering a new phase

Electric scooter
Illustration: Sarah Grillo/Axios

Uber yesterday announced that it participated in Lime's new funding round, which topped out at $335 million, and that the two sides are working on a strategic partnership whereby people would be able to rent Lime scooters via Uber's app.

Why it matters: New developments suggest a consolidation phase is coming in the electric scooter wars. We're heading toward full-stack local transportation companies, and what we've seen with bikes — e.g., Uber buying Jump, Lyft buying Motivate — should eventually come to scooters.