Remember when Lime was the poster child for overfunded, unprofitable chaos? That’s over.
The electric scooter and bike-sharing startup is now gearing up for a U.S. IPO, and this time, it’s walking into public markets with real numbers. Goldman Sachs and JPMorgan Chase are on deck to lead the process, with a listing expected sometime in 2026.
Here’s what Lime looks like today:
- $686 million in 2024 revenue
- 32% year-over-year growth
- Free cash flow positive
- Operating profit in multiple quarters
- Operating in 280+ cities worldwide
Not bad for a company once dismissed as a burn-rate disaster.
What Founders Can Learn from Lime’s Pivot
1. Growth is only good if you can afford it. Lime stopped bleeding cash and tightened operations. That’s what turned things around. Startups should take note: unit economics > hype.
2. Micro Mobility is not dead. It just got serious. The novelty wore off, but demand didn’t. If you’re building in EVs, fleet tech, or delivery, this is your green light, if your margins make sense.
3. An IPO is not just about raising money but a trust signal. Lime isn’t cash-starved, it’s proving to the world that its model actually works.
Final Take
Lime cleaned up, grew up, and is now getting rewarded for it. If you’re building in a tough sector, this is proof that discipline still scales.
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