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2018 was the year of the electric scooter. Four-letter e-scooter brands such as Lime, Bird, Spin and Skip have become the attention-getters of the venture world. So far, these four raised a total of $1.02 billion in venture funding this year – $455.7 million for Lime, $415 million for Bird, $18.2 million for Jump, and $131 million for Skip. Established transportation companies are also getting involved in the craze. Jump Bikes, a bike- and scooter-sharing service, was bought by Uber for $250 million in April, and Spin was acquired by Ford for $100 million in November. Lime is even in partnership with Uber to offer scooters through the Uber app.
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