E-scooter company Lime files for IPO

By the numbers: Lime reports a $59 million net loss on $887 million of revenue for 2025, compared to a $34 million net loss on $687 million in revenue for 2024.

• It had raised over $900 million in VC funding, from backers like Andreessen Horowitz, Bain Capital Ventures, and GV. Its peak valuation was $2.4 billion in 2019.
• Renaissance Capital estimates that the IPO could raise $250 million.

Catch up quick: Lime's top rival is Bird, which also owns Spin and went public via SPAC in 2021 at a $2.3 billion valuation.

• Bird later went bankrupt and now is owned by its lenders.

Go deeper, via Bloomberg: "Lime has expanded aggressively in recent years, launching in more than 20 cities including Tokyo and Athens. The company's distinctive green bikes are ubiquitous in London, where it saw usage spike during a Tube strike last year."