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Why Big Tech Firms Like Google and Uber Are Pouring Money Into E-Scooters

Annie Gaus

If you haven't used one yet, here's how the scooters work: Unlock it through an app, agree to pay around 15 cents per minute, and fly away. Bird, an e-scooter company founded by a former Uber exec, is reportedly eyeing a fresh $300 million round of funding that would value the company at $2 billion. Lime, which offers both scooters and bikes, has raised $382 million from marquee investors like GV, the venture arm of Alphabet Inc.