Uber-Backed Lime Posts Over 30% Bookings Growth as It Eyes IPO
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Lime, the operator of a shared electric bike and scooter network, pledged to sustain double-digit bookings growth after posting record trips in 2024, a goal the company said will prime it to follow through on a long-expected initial public offering.
The startup, which is backed by Uber Technologies Inc., posted its second year of positive free cash flow in 2024, according to financial results to be announced Tuesday. It also saw another year of more than 30% growth in gross bookings. This follows aggressive expansion over the past 12 months, with launches in more than 20 cities such as Tokyo and Athens. It also increased its fleet of bikes and scooters by nearly 20% to more than 270,000 vehicles.