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Image Credits:Jason Alden / Bloomberg / Getty Images6:21 AM PDT · May 8, 2026
After years of hints and preparation, the Uber-backed electrical motorcycle and scooter rental startup Lime has filed for an archetypal nationalist offering.
The company, which is incorporated arsenic Neutron Holdings Inc., has eyed the nationalist markets for astatine slightest 5 years. CEO Wayne Ting past spoke told TechCrunch successful 2023 astir the imaginable of an IPO, noting astatine the clip that Lime had the the economics, the growth, and the profitability to instrumentality the startup public. All that was required was due marketplace conditions.
That time has seemingly arrived.
The institution intends to database connected Nasdaq nether the ticker awesome “LIME.” Lime did not stock presumption of the offering, which was filed Friday with the U.S. Securities and Exchange Commission.
Lime’s IPO filing shows a institution with increasing revenue, but not yet profitability. The institution generated $521 cardinal successful gross successful 2023, $686.6 cardinal successful 2024, and $886.7 cardinal past year.
Its nett losses were $122.3 cardinal successful 2023, but that enactment point has narrowed the past 2 years. Lime reported nett losses of $33.9 cardinal successful 2024 and $59.3 cardinal successful 2025. Lime besides reported it had escaped currency travel the past 3 years; its escaped currency travel was $104 cardinal successful 2025, astir treble from the erstwhile twelvemonth owed to an summation successful currency provided by operating activities
Lime, which was founded successful 2017, has heavy ties to Uber. The ride-hailing and transportation elephantine led Lime’s $170 cardinal backing circular successful 2020. As portion of that deal, Lime acquired Jump, the electrical motorcycle and scooter part that Uber bought backmost successful 2018 for astir $200 million. After the acquisition Jump’s sanction disappeared and its assets were absorbed by Lime. In the years since, Lime has integrated much intimately with Uber.After the acquisition Jump’s sanction disappeared and its assets were absorbed by Lime. In the years since, Lime has integrated much intimately with Uber.
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The acquisition besides propelled Lime’s expansion. The company, which lets users rent scooters and ebikes done its app, is present successful 230 cities and 29 countries.
Lime’s narration with Uber has besides been a dependable tailwind for the business. Under its exclusive relationship, Lime vehicles are featured arsenic a thrust enactment wrong the Uber app successful astir each of its shared markets. A chunk of Lime’s gross — astir 14.3% past twelvemonth — came done its concern with Uber, the SEC papers shows.
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Kirsten Korosec is simply a newsman and exertion who has covered the aboriginal of proscription from EVs and autonomous vehicles to municipality aerial mobility and in-car tech for much than a decade. She is presently the proscription exertion astatine TechCrunch and co-host of TechCrunch’s Equity podcast. She is besides co-founder and co-host of the podcast, “The Autonocast.” She antecedently wrote for Fortune, The Verge, Bloomberg, MIT Technology Review and CBS Interactive.
You tin interaction oregon verify outreach from Kirsten by emailing kirsten.korosec@techcrunch.com oregon via encrypted connection astatine kkorosec.07 connected Signal.
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