Alphabet invests in scooter firm criticized as a 'plague on cities' [Video]

Cristian WorthingtonFeedToPost

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Google parent Alphabet backs controversial $1.1bn electric scooter startup critics say is "turning cities into a nightmare"Alphabet has invested in scooter service Lime as part of $300m funding roundGoogle Ventures previously invested in start-up and reportedly leads fundingLime is now...

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Google parent Alphabet backs controversial $1.1bn electric scooter startup critics say is ‘turning cities into a nightmare’

  • Alphabet has invested in scooter service Lime as part of $300m funding round
  • Google Ventures previously invested in start-up and reportedly leads funding
  • Lime is now valued at around $1.1billion despite criticisms from local residents

Google‘s parent company Alphabet …

Google's parent company Alphabet has joined a $300million funding round for electric scooter start-up Lime

The move to invest in Lime will hopefully reduce Alphabet's dependency on profit from Google's ads. However, there is no guarantee that the electric scooter business will continue to thrive in San Francisco, as it faces increased regulation from the city

Logo with signage in front of Building 44, which houses employees working on the Android mobile phone operating system, at the Googleplex, headquarters of Google Inc in the Silicon Valley town of Mountain View, California