California-based Lime, a transportation startup with a focus on two-wheelers, has raised a new funding round worth $335 million.

Founded in June 2017, Lime provides a ride-share platform with electric scooters and bikes. Funds from the venture capital investment round will be used to expand the company’s international presence, as reported by VentureBeat.

Investors in the round include Uber, Alphabet’s GV, IVP, Atomico, Fidelity, a16z, Coatue and Fifth Wall.

“Uber will work with us as a strategic partner in the electric scooter space to offer people a greater variety of transportation modes at their fingertips and make it increasingly easy to live without a car,” Lime Co-Founder, Toby Sun said via a blog post. “As electric scooters grow in popularity and become a more beloved way to travel short distances, the partnership adds to Uber’s vision of becoming a transportation platform for people around the globe.”

As part of the investment deal, Uber will be able to rent scooters provided by the startup for its ride-sharing platform. The investment from San Francisco-based Uber comes soon after the company applied for permits for the city to operate electric scooters.

“The new funds will give us the ability to expand our operations globally, develop new technologies and products for consumers and build out our infrastructure and team,” Sun said.

Lime, with a presence in 46 cities, has raised total funding of $467 million to date. The startup, which also provides non-electric two-wheelers currently, is now worth over $1 billion.

“We are working to co-brand our scooters and make Lime available in the Uber app, with more news to follow,” Sun said. “We could not be more thrilled about this partnership and what it brings to riders everywhere.”

(Picture courtesy: https://siliconangle.com/)