Venture Capital
In an effort to curb the onslaught of electric scooters, Santa Monica, California, is moving to limit the number of companies that can operate dockless vehicles there. An internal memo reveals that a City Council committee endorsed Lyft and Uber for permits — handing a crushing defeat for dedicated scooter operators Bird and Lime. Santa Monica was the ground zero for electric scooters, because $2 billion startup Bird rolled out the first scooter-share program nationwide in the coastal city last fall.

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