All Access

Climate Deals

Standard

Climate Deals Thought Bubble

Thought Bubble

Climate Deals Alerts

Alert

mustard

BFD Expert Voices - Climate Deals

BFD Expert Voices

Scooter sharing company Lime priced its IPO at $25 per share, raising $167 million, on Tuesday night.

Why it matters: The IPO will help Lime repay debt and continue to survive the brutal economics of renting electric scooters and bikes. 

Zoom in: The San Francisco-based company sold 6.68 million shares, giving it a valuation of $1.6 billion based on outstanding shares.

The total proceeds from the offering could increase to $200 million, including shares sold by existing investors and if underwriters exercise the greenshoe option.

Lime plans to use $115 million of its IPO proceeds to pay debt that's maturing by the end of 2026. 

Lime had "substantial doubt" about its ability to continue as a going concern without the IPO funds, according to its S-1.

Catch up quick: Founded in 2017, Lime rode the wave of VC-backed scooter startups, reaching a $2.4 billion valuation by 2019. Andreessen Horowitz was an early backer.

That height was followed by a pandemic-driven reset and recapitalization, which valued the company at $510 million. 

Lime's largest investor before the IPO is Uber, which acquired shares when Lime took on its Jump bikes business. 

Other pre-IPO investors include Bain Capital Ventures, Google Ventures and Fidelity. 

Follow the money: Lime generated revenue of $887 million for the year ended  2025, up from $687 million in 2024.

The company, which has yet to generate a GAAP profit, generated a net loss of $59 million in 2025, compared to a loss of $34 million in 2024. 

What's next: Lime plans to trade Wednesday morning on the Nasdaq under the ticker symbol "LIME."

Lime prices IPO at $25, raises $167M

It's a big win for Uber, who's the largest investor.

Illustration of a scooter with a tall stack of money on it.

Scooter sharing company Lime priced its IPO at $25 per share, raising $167 million, on Tuesday night.Why it matters: The IPO will help Lime repay debt and continue to survive the brutal economics of renting electric scooters and bikes.

topics

politics-policy

epstein-files

donald-trump

2026-midterm-elections

immigration

behind-the-curtain

race-and-equity

technology

privacy-tech-regulation

automation-and-ai

tiktok-news

big-tech

social-media

cybersecurity

economy

social-security

inflation

tariffs

federal-reserve

transportation

business

c-suite

retail-news

media

elon-musk

dealmaking

health

rfk-jr

drug-prices

axios-explains-abortion

public-health

world

israel

axios-explains-ukraine

iran

russia

china

energy-climate

nuclear-energy

climate-energy-policy

climate-change

extreme-weather

alternative-energy

electric-vehicles

science

emerging-tech

biomedicine

newsletters

charlotte

salt-lake-city

denver

fort-lauderdale

cincinnati

boulder

kansas-city

austin

chicago

dallas

detroit

washington-dc

atlanta

indianapolis

nashville

nw-arkansas

columbus

hollywood

north-of-cincy

richmond

san-francisco

boston

des-moines

houston

phoenix

miami

philadelphia

seattle

new-orleans

colorado-springs

huntsville

raleigh

san-antonio

twin-cities

pittsburgh

san-diego

tampa-bay

portland

cleveland

arapahoe

douglas

axios-local

axios-pro

axios-live

the-axios-show

Lime prices IPO at $25, raises $167M

What to read next