Scooter Company Lime Hires a Chief Operating Officer
Joe Kraus is an investor and board member.
Lime has hired Joe Kraus, a general partner at GV, Alphabet Inc.’s investment arm, to be its new chief operating officer, the startup said. Kraus, a member of Lime’s board of directors, helped lead GV’s investment in Lime’s $335 million fundraising round earlier this year, and will be the first person to hold the COO title at the company.
Lime was founded last year as a bike-sharing company, but became a leader in the nascent electric scooter-sharing industry this spring. The company has grown at a breakneck pace even by the standards of technology startups, and it’s now worth $1.1 billion. It has about 5 million riders spread out over 80 cities, and is launching operations in five new cities each week, according to the company.