Lime (company)

Lime (company)

Lime is a mobile platform that allows users to unlock its fleet of shared bikes and scooters.

Formerly known as LimeBike, Lime is a micro-mobility company providing an electric scooter, bike, and transit vehicle rentals.

Adam Zhang, Brad Bao, Charlie Gao, and Toby Sun founded Lime in 2017 in San Francisco, California. Since launching in 2017, Lime has expanded to over 120 cities across 30 countries and five continents. The company has received $777 million in funding to date, and now employs over 700 workers worldwide, while more than 15 million have downloaded the Lime app. Its investors include Manhattan Ventures Partners, Google Ventures, Fifth Wall, GGV Capital, GR Capital, Fidelity Ventures, Bain Capital Ventures, and Andreessen Horowitz.

It also operates in campuses in the United States including Georgia Southern University, University of Minnesota, Washington University in St. Louis, St. Louis University, UNC Greensboro, NC St. University, Guilford College, NCA&T, Ohio State University,

Xavier University, Vanderbilt University, Texas Tech University, UT Austin, Southern Methodist University, Our Lady of the Lake University, and the University of Washington.

Lime is committing to 100% zero-emissions operations fleet vehicles by 2030. It will transition all of its owned and leased operations vehicles, most often small vans, to be electric and powered by renewable energy over the next decade.

Timeline

June 2018

Lime raises total of $467 million to date from GV, Andreessen Horowitz, IVP, Section 32, GGV Capital.

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Lime series D round
Series D round
310,000,000
February 6, 2019
Bain Capital Ventures
LimeBike funding round, February 2018
Series B round
70,000,000
February 2018
Fifth Wall Ventures
Lime (company) Seed round, March 2017
Seed round
March 2017
Andreessen Horowitz (a16z)
Lime (company) Series C round, July 2018
Series C round
335,000,000
July 2018
GV
4 Results
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People

Name
Role
LinkedIn

Angel Cordero

Employee

Brad Bao

Founder

Caen Contee

Employee

Charlie Fang

Employee

Charlie Gao

Investor

Cindy Zhang

Employee

Connor Carion

Employee

Daniel Estrada

Employee

Ding Zhou

Investor

Dustin Gillespie

Employee

Estuardo Escobar

Employee

Evan Trowbridge

Employee

faraaz naqvi

Employee

Gerry Morales

Employee

Gil Kazimirov

Employee

IDG Ventures

Investor

Jacob Fink

Employee

Jason Wilde

Employee

Jeff Roberts

Employee

Jerrome Milton

Employee

Konrad Coetzee

Employee

Leila Najafi

Employee

Max Butler

Employee

Max J Crowley

Investor

Mike Basch

Investor

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Further reading

Title
Author
Link
Type
Date

Electric Scooters And Micro-Mobility: Here's Everything You Need To Know

Adeyemi Ajao

Web

February 1, 2019

Lime Just Became the Biggest Micromobility Company in the World

Kea Wilson

Web

May 11, 2020

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Kirsten Korosec
July 23, 2020
TechCrunch
American micromobility startups Lime along with European competitors Dott and Tier Mobility have won permits to operate shared electric scooters in Paris, following a seven-month tender process that had as many as 16 companies vying for a spot. Paris is one of a handful of cities in the world that have become key battlegrounds over [...]
Kirsten Korosec
July 19, 2020
TechCrunch
The Station is a weekly newsletter dedicated to all things transportation. Sign up here -- just click The Station -- to receive it every Saturday in your inbox. Hello and welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B. The [...]
Kirsten Korosec
July 3, 2020
TechCrunch
Jump bikes are returning to London -- this time through its new owner Lime . London is the first city in Europe to see Jump bikes return since Uber offloaded the company to Lime in a complex deal that unfolded in May. Lime raised $170 million in a funding round led by Uber, along with [...]
Kirsten Korosec
June 24, 2020
TechCrunch
New York City is on the verge of approving a shared electric scooter pilot program, opening up a potentially lucrative market and new micromobility battleground in the United States. The New York City Council is expected Thursday to vote on a bill that will require the New York Department of Transportation to create a pilot [...]
Kirsten Korosec
June 21, 2020
TechCrunch
The Station is a weekly newsletter dedicated to all things transportation. Sign up here -- just click The Station -- to receive it every Saturday in your inbox. Hi friends and first-time readers. Welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to [...]
Romain Dillet
June 16, 2020
TechCrunch
If you've tried to rent a Jump bike or scooter in London, Paris, Brussels or Rome over the past few days, you may have noticed that they've suddenly vanished, as Fluctuo reported on its Twitter account. The reason is that Lime has closed the acquisition of Uber's micromobility subsidiary Jump in Europe today, a few [...]
Kirsten Korosec
May 11, 2020
TechCrunch
The Station is a weekly newsletter dedicated to all things transportation. Sign up here -- just click The Station -- to receive it every Saturday in your inbox. Hi and welcome back to The Station, I'm your host Kirsten Korosec, senior transportation reporter at TechCrunch. If you're interested in all the future and present ways people [...]
Dominic Rushe
May 7, 2020
the Guardian
Lime's new chief executive, Wayne Ting, said: 'Micromobility will be vital to the new world affected by Covid-19 and we are already seeing this.' Photograph: Horacio Villalobos/Corbis via Getty Images
Romain Dillet
May 7, 2020
TechCrunch
Lime has announced that it has raised a $170 million funding round. Uber is the leading investor with existing investors Alphabet, Bain Capital Ventures, GV and others also participating. The Information first reported on the new funding round, before the official announcement. As part of the deal, Lime is also acquiring Uber's micromobility subsidiary Jump. [...]
Kirsten Korosec
April 20, 2020
TechCrunch
Hi and welcome back to The Station, a weekly newsletter dedicated to the future (and present) of transportation. I'm your host Kirsten Korosec, senior transportation reporter at TechCrunch. What you're reading here is an abbreviated version of The Station. To get the complete newsletter, which comes out every weekend, go here and click The Station. [...]
Alex Wilhelm
March 27, 2020
TechCrunch
We're wrapping the week with Lime, scooters and the divergence between Uber and Lyft and their two-wheeled rivals.
Alex Hern Technology editor
March 16, 2020
the Guardian
A man riding an electric scooter in Westminster, London. Photograph: Yui Mok/PA
By James Pero For Dailymail.com
January 29, 2020
Mail Online
Lime will use a mixture of data from accelerometers and even sensors that judge vibrations caused by whatever surface the scooter is riding on to determine if a rider is taking a forbidden route.
Andrew Burt
December 13, 2019
Harvard Business Review
Transparency helps fight algorithmic bias. But it also leaves organizations vulnerable to cyber attacks.
Graham Rapier and Sarah Wyman
November 17, 2019
Business Insider
How do an international repo-man and a bike shop owner end up in business together? A common enemy. In this case: electric scooters.
Megan Rose Dickey
November 13, 2019
TechCrunch
Launching and operating shared bikes and scooters has lost its novelty. Worldwide, numerous companies are operating shared micromobility services -- so many that the industry is well into a consolidation phase. In Latin America, Grow Mobility formed as part of a merger between micromobility providers Grin and Yellow. In the U.S., Bird acquired Scoot. And, [...]
Susan Carpenter
October 25, 2019
www.nytimes.com
Los Angeles streets are dotted with Skittles-colored scooters and e-bikes that have one thing in common: They're electric, and they need juice.
Callum Burroughs
October 25, 2019
Business Insider
The company recently announced it would be the first e-scooter startup to use replaceable batteries for its products.
Megan Rose Dickey
October 15, 2019
TechCrunch
Uber, Lime and Spin have officially deployed their electric scooters on the streets of San Francisco as part of the city's permitting program. Last month, the city announced Uber's JUMP, Lime, Ford's Spin and Scoot were granted permits to operate the shared electric scooter services. Scoot, however, has operated in the city since last year. [...]
Kate Clark
September 28, 2019
TechCrunch
In this week's newsletter: Peloton's stock market debut, Bodega's rebrand and Kapwing's Series A.
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