The rental start-up of Scooter Lime announced Wednesday that it raised $310 million in a D series financing cycle that increases its already massive valuation to $2.4 billion.
The announcement confirms the previous reports of Axios that financial giant Fidelity was interested in investing in a scooter company. These reports, however, stated that Fidelity was interested in Bird. Other supporters include Bain Capital Ventures as the main investor, along with Andreessen Horowitz, SGS and IVP who also enter the round.
So far Lime has raised $867.1 million, according to data from PitchBook.
In the past year, lime and its competitors like Bird have seen massive growth. Lime now reaches 15 countries on five continents, said a spokesman. New York, already the most lucrative market for hiking, is soon planning to legalize scooters — and lime works to increase public support and excitement with a pop-up Shop in Manhattan.