Lime Raises $523 Million in Debt and Plans to Go Public Next Year
- The scooter and mobility startup has 200,000-vehicle fleet
- Investors include Abu Dhabi growth fund, Fidelity and Uber
A Lime scooter in San Francisco.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Electric scooter and bike startup Lime has raised $523 million of convertible debt and term loan financing as it prepares to go public next year, the company plans to announce Friday.
Investors including Abu Dhabi’s growth fund, Fidelity Management & Research Company, Uber Technologies Inc. and funds managed by Highbridge Capital Management committed $418 million in convertible debt funding. UBS O’Connor provided a $105 million senior secured term loan facility.