3 weeks ago
Lime, nan micromobility institution known for its electrical scooters and bicycles which are dumped crossed metropolis streets, has revenge for an first nationalist offering. The rental startup, which is officially known arsenic Neutron Holdings, revenge pinch nan Securities and Exchange Commission connected Friday, aft teasing ambitions of going nationalist backmost successful 2021.
The institution that offers short-term rentals for its agleam greenish scooters and bicycles was founded successful 2017 and quickly won backing from awesome companies for illustration Uber. In nan SEC filing, Lime reported that it earned $521 cardinal successful gross successful 2023, increasing to $686.6 cardinal successful 2024 and $886.7 cardinal successful 2025. As of nan extremity of past year, Lime reported operating successful astir 230 cities crossed 29 countries. The company's CEO, Wayne Ting, moreover noted that Lime had surpassed 1 cardinal trips successful 2025 successful nan missive from nan CEO accompanying nan IPO filing.
However, nan startup is still looking to get retired of nan reddish and nan IPO filing whitethorn thief pinch that. According to nan filing, Lime saw nett losses of $59.3 cardinal successful 2025 and has already recorded $61.3 cardinal much successful losses successful nan first 4th of 2026. The filing besides indicated that buying Lime's communal banal could unfastened investors up to immoderate consequence factors, including its "history of nett losses" and nan imaginable for not being capable to "achieve aliases support profitability successful nan future." Lime's competitors person tried and grounded to execute profitability, arsenic seen pinch Bird going nationalist but past filing for bankruptcy successful 2023.
