Lime, the Uber-backed micromobility company, files for IPO
Source: TechCrunch
After years of hints and preparation, the Uber‑backed electric bike and scooter rental startup Lime has filed for an initial public offering.
The company, incorporated as Neutron Holdings Inc., has been eyeing the public markets for at least five years. CEO Wayne Ting told TechCrunch in 2023 that Lime had the economics, growth, and profitability to go public, pending the right market conditions. That day has apparently arrived.
IPO Details
Lime intends to list on Nasdaq under the ticker symbol LIME. The filing, submitted on Friday with the U.S. Securities and Exchange Commission, did not disclose the terms of the offering. The SEC filing can be viewed here.
Financial Overview
| Year | Revenue | Net Loss | Free Cash Flow |
|---|---|---|---|
| 2023 | $521 million | $122.3 million | — |
| 2024 | $686.6 million | $33.9 million | — |
| 2025 | $886.7 million | $59.3 million | $104 million |
- Lime reported free cash flow for the past three years, with 2025’s $104 million nearly double the previous year due to higher cash provided by operating activities.
Background and Uber Relationship
Founded in 2017, Lime has deep ties to Uber. Uber led Lime’s $170 million funding round in 2020. As part of that deal, Lime acquired Jump, the electric bike and scooter division Uber had bought back in 2018 for around $200 million. After the acquisition, Jump’s brand was retired and its assets were absorbed by Lime, leading to tighter integration with Uber.
Under an exclusive partnership, Lime vehicles are featured as a ride option within the Uber app in nearly all shared markets. According to the SEC document, about 14.3 % of Lime’s revenue last year came through this partnership.
Geographic Presence
Lime’s expansion, accelerated by the Jump acquisition, now spans 230 cities across 29 countries, allowing users to rent scooters and e‑bikes through its app.