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$523m

Convertible
Total Funding000k

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Source: Company filings or news article

More about Lime
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Lime, accessible via li.me, is the world's largest shared electric vehicle company. Its mission is to create a future where transportation is shared, affordable, and carbon-free. Lime operates in the micromobility market, which includes small, lightweight vehicles like electric bikes and scooters. The company serves a diverse range of clients, including urban commuters, tourists, and anyone looking for an eco-friendly transportation alternative.

Lime's business model revolves around providing shared electric bikes and scooters that users can rent through a mobile app. The company has deployed its vehicles in numerous cities worldwide, including major markets in the United States, Europe, Latin America, and Asia. Users can locate, unlock, and pay for these vehicles using the Lime app, making it a convenient option for short-distance travel.

Revenue is generated primarily through ride fees. Users are charged based on the duration of their ride, typically starting with a base fee and adding a per-minute charge. Lime also explores partnerships with cities and local governments to integrate its services into public transportation networks, potentially opening additional revenue streams.

Lime is committed to sustainability and innovation. It continuously upgrades its fleet, with the latest Gen4 electric scooters offering enhanced ride quality. The company is also piloting augmented reality technology to improve parking solutions for its bikes and scooters, aiming to reduce urban clutter and enhance user experience.

In summary, Lime is a leader in the shared electric vehicle sector, focusing on sustainability, innovation, and convenience for urban transportation.

Keywords: shared electric vehicles, micromobility, electric bikes, electric scooters, urban transportation, sustainability, innovation, ride fees, mobile app, global markets.

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Investments by Lime

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Social Bicycles
ACQUISITION by Lime May 2020
Boosted
ACQUISITION by Lime Apr 2020
JUMP Bikes
ACQUISITION by Uber Apr 2018