Reported 1 day ago
Lime, the electric bike and scooter rental service backed by Uber, is set to pursue an IPO with the help of Goldman Sachs and JPMorgan Chase. The company reported a significant revenue increase of 32%, reaching $686 million in 2024, and has achieved positive cash flow for the second consecutive year. Lime’s CEO described 2024 as a transformative year with record profits and expanded global services, while the broader IPO market seems to be recovering, paving the way for Lime's potential public listing amidst a challenging environment for competitors in the micromobility space.
Source: YAHOO