Have you ridden a bike when you were a kid? I bet you did. Wasn’t that feeling was awesome? After the inception of vehicles, the use of cycles reduced drastically. Things change very fast and with technology, businesses are adopting things that their customers love. Understanding the need of the hour is very crucial for the success of the business. Once you understand the need, you know what you need to do. That is exactly what Lime scooters and bikes did from time to time. They started as Neutron Holding Inc where they do business as a bike-share company. Now they are famous with the name Lime for their fleet of e-scooters.

Here I am going to tell you everything about how this bike-share company transformed timely into an e-scooter supergiant. So, without any further ado, let’s get you started.

Lime Overview

The focus of the company was always on making an eco-friendly transportation system. Their job doesn’t just stop there, they also work on making all these e-mobility options accessible to the public with their on-demand rental services. They are a perfect example of a private company that wants to solve the problem of pollution and traffic congestion.

As I mentioned above as well, they started as a service provider of eco-friendly transportation systems with the name of Neutron Holding Inc. They were in the market for a long time but the game changed when they introduced e-scooters for rentals in 2018. The spike in their revenue and the capability of collecting funds tells the whole story of a next-level e-mobility company.

When they introduced e-scooter for rentals back in 2018, they raised a fund of $467 Million.  Yes isn’t that mind-boggling?

Now the question is how did they manage to get that much funds with this simple idea? Let’s have a look at how they function.

How Does Lime Bike Work?

Lime has a slogan that states “Your ride anytime”, but is it really that easy to execute as well? Let’s understand how their service work. Lime decided to launch an app to ease the process and execution. The Lime app is available for both Android and iOS platforms and it is super easy to use.

After you download the app, you need to create an account. The information they need is minimal. It only requires basic information like your name, phone number, city, credit card information, and email address.

Lime has a range of vehicles from which you can choose. Let’s have a look at the type of services which they offer according to the city their customer resides.

●  Lime-S Electric Scooters

With a top speed of 14.8 mph and a range of around 20 Km, Lime-S is one the most liked ride offered by Lime. If you don’t know how to ride one, the app provides in-depth instructions on how to use Lime scooters. You must be above 18 years and must have a driver’s license. You need to verify your license by scanning it in the app before you take your first ride.

●  Lime-E Electric Assist Bike

These dockless bikes do not have any throttle however, the in-built motor in the bike will give you a boost while paddling up on steep terrain. In short, don’t expect that you can ride it on a motorbike. I classified them as regular bikes which are easier on your legs.

●  LimeBike Smart Pedal Bike

LimeBike Smart Pedal Bike is the first of their offerings when Lime incept in the business of dockless bike-sharing. There are many cities where they are still offering these simple bikes to share.

Check out “How much does it cost to develop an e-scooter mobile app for your business?”

How LimeBike Earns?

LimeBike is super affordable however it is not free. They simply charge their customers every time they choose for a ride. As I already mentioned the type of rides they offer, the charges also vary with them. Have a look at their pricing structure.

  • Lime-S Scooters take $1 to unlock and then $0.15 per minute ride.
  • Lime-E Electric-Assist Bike takes $1 to unlock and $0.15 per minute ride.
  • LimeBike Smart Pedal Bike takes $1 per half-hour ride.

You can clearly see that they are charging way too little if you compare it with other modes of transportation.

There is one program Lime is currently offering to its customers. Lime Access program targets low-income riders and offer them up to 50% of discount on Lime-S & Lime-E. Also, they are offering 95% of discount on LimeBike Smart Pedal.

So, see this is how they are contributing to a pollution-free and traffic congestion less world.

Recent Funds Collected By Lime

Confirming rumors that have been swirling for some time, on-demand electric scooter and bike startup Lime today announced that it has closed a $310 million Series D financing round led by Andreessen Horowitz, Bain Capital Ventures, Fidelity Investments, GV, and IVP.  It values the company at a whopping $2.4 billion — double the previous valuation of $1.1 billion.

Existing investors Alphabet, Coatue, Fifth Wall, GGV Capital, Singapore’s GIC, and others participated, along with several new investors including GSV Capital, FJ Labs, Bling Capital, Europe’s GR Capital, and St. Augustine Partners. CEO Toby Sun said the funding will be used to expand Lime’s service into new markets, enhance its technology, grow its team, and pilot “new opportunities.”

The infusion of fresh capital comes as Lime sees its popularity soar in the 15 countries and hundreds of cities, towns, campuses, universities, and communities where it’s available. The ten million people who’ve signed up for service have taken 34 million trips, and Lime says it’s recorded a 5.5 times increase in trips in the past seven months alone.

Lime Is Still Ahead of Their Competition

Lime’s competitors are myriad, but its chief rival might be Bird, which has raised $400 million in venture capital for its electric scooter service. But Lime certainly seems to have a knack for fundraising — in the 18 months since its founding, it’s raised $867.1 million (according to PitchBook data), and its series C in June attracted $335 million. Lime is currently operating in 100+ cities worldwide and expanding its services at a drastic rate!

 

post tags :

4,664 Comments

  1. best real estate agent in tucson az November 26, 2024 at 2:08 am

    Wow! best real estate agent in tucson az the end I got a webpage from where I be able to truly obtain helpful information regarding
    my study and knowledge.

  2. best realtor in saint augustine florida November 26, 2024 at 2:23 am

    An outstanding share! I’ve just forwarded
    this onto a co-worker who had been doing a little homework on this.

    And he best realtor in saint augustine florida fact ordered me dinner due to the fact that I stumbled upon it for him…
    lol. So let me reword this…. Thank YOU for the meal!! But yeah, thanks for spending time to discuss this
    matter here on your website.

  3. realtor in st johns county fl November 26, 2024 at 2:35 am

    Howdy, I do think your site may be having browser compatibility problems.
    When I take a look at your website in Safari, it looks fine
    but when opening realtor in st johns county fl Internet
    Explorer, it has some overlapping issues. I merely
    wanted to give you a quick heads up! Apart from that, great blog!

  4. realtor in ponce inlet November 26, 2024 at 2:57 am

    Hey there! I could have sworn I’ve been to this blog before but after reading through some of the
    post I realized it’s new to me. Nonetheless, I’m definitely glad I found it and I’ll be book-marking and checking back frequently!

    Also visit my site … realtor in ponce inlet

  5. Peter Garcia November 26, 2024 at 3:04 am

    Appreciate the detailed post. Find more at https://df999vn.online/

  6. best realtor in volusia county November 26, 2024 at 3:16 am

    I used to be recommended this web site via my cousin. I am not sure whether this
    publish is written via him as nobody else recognize such particular about
    my trouble. You are incredible! Thanks!

    my blog … best realtor in volusia county

  7. Hulda Barton November 26, 2024 at 3:17 am

    Thanks for the detailed guidance. More at https://currentratio.mom

  8. best realtor in saint augustine florida November 26, 2024 at 3:24 am

    Pretty section of content. I just stumbled upon your website and best realtor in saint augustine florida accession capital to assert
    that I get actually enjoyed account your blog
    posts. Anyway I’ll be subscribing to your augment and even I achievement you
    access consistently quickly.

  9. realtor in volusia county November 26, 2024 at 3:44 am

    As the admin of this web site is working, no hesitation very
    soon it will be well-known, due to its feature contents.

    Feel free to surf to my blog post :: realtor in volusia county

  10. Realtor in Meridian Mississippi November 26, 2024 at 4:09 am

    Fine way of describing, and good paragraph to obtain facts concerning my presentation topic,
    which i am going to present Realtor in Meridian Mississippi institution of higher education.

  11. Cameron Fisher November 26, 2024 at 4:11 am

    Great conversations incessantly occur when having fun with everything that these venues need to provide—discover your communication starters by strip clubs Las Vegas

  12. Ada Butler November 26, 2024 at 4:37 am

    “What an outstanding resource for residents of Orl Orlando dumpster rental services

  13. Barry Hale November 26, 2024 at 4:50 am

    Thanks for the comprehensive read. Find more at Stokesdale NC commercial dumpster rental

  14. best realtor in Meridian Ms November 26, 2024 at 4:53 am

    I’d like to find out more? I’d like to find out some additional information.

    my homepage :: best realtor in Meridian Ms

  15. Jordan Clark November 26, 2024 at 4:56 am

    I appreciate seeing your discussions around the importance of mental health post-injury; it’s such an important aspect: # # anyK e yword # # injury lawyer

  16. Lucille Luna November 26, 2024 at 5:19 am

    Có ai đã thắng lớn tại Hitclub chưa? Chia sẻ kinh nghiệm đi nào! HitClub

  17. best realtor in tucson az November 26, 2024 at 5:25 am

    Howdy excellent blog! Does running a blog such as this take a massive
    amount work? I have absolutely no knowledge of coding
    but I had been hoping to start my own blog soon. Anyway, should you have any
    recommendations or tips for new blog owners please share.
    I understand this is off topic however I just wanted
    to ask. Many thanks!

    My web site … best realtor in tucson az

  18. realtor in tucson az November 26, 2024 at 5:38 am

    Hello, Neat post. There is an issue along with your web site realtor in tucson az internet explorer,
    might check this? IE still is the marketplace chief and a
    big component to folks will pass over your fantastic writing due to this problem.

  19. Darrell Matthews November 26, 2024 at 5:44 am

    Các chương trình khuyến mãi thường xuyên của nhà cái này luôn khiến tôi hào hứng quay lại mỗi tuần B52Club

  20. Bradley Lambert November 26, 2024 at 5:55 am

    Everyone should take time outdoors surrounded by nature’s beauty created through thoughtful design like that offered by all seasons landscaping services landscape gardeners in Abingdon

  21. best realtor in tucson az November 26, 2024 at 6:04 am

    Wow that was odd. I just wrote an very long comment but after I
    clicked submit my comment didn’t show up. Grrrr…

    well I’m not writing all that over again. Anyway, just
    wanted to say fantastic blog!

    My site … best realtor in tucson az

  22. best realtor in volusia county fl November 26, 2024 at 6:28 am

    Hi there, just became aware of your blog through Google, and found
    that it is really informative. I’m gonna watch out for brussels.
    I’ll be grateful if you continue this best realtor in volusia county fl future.
    Many people will be benefited from your writing.
    Cheers!

  23. realtor in tucson arizona November 26, 2024 at 6:56 am

    Valuable info. Fortunate me I discovered your web site by
    accident, and I am shocked why this accident did not happened realtor in tucson arizona advance!
    I bookmarked it.

  24. best realtor in volusia county fl November 26, 2024 at 7:49 am

    Good day! I know this is somewhat off topic but
    I was wondering if you knew where I could get a captcha plugin for my comment form?

    I’m using the same blog platform as yours and I’m
    having problems finding one? Thanks a lot!

    my site best realtor in volusia county fl

  25. realtor in volusia county November 26, 2024 at 8:11 am

    Hi there, I want to subscribe for this weblog to take latest
    updates, therefore where can i do it please help out.

    Here is my web blog: realtor in volusia county

  26. best realtor in ponce inlet November 26, 2024 at 8:16 am

    Thanks for finally writing about > Everything You Should Know About E-Scooter
    Giant Lime best realtor in ponce inlet

  27. best realtor in Meridian Ms November 26, 2024 at 8:26 am

    Hi there, just became alert to your blog through Google,
    and found that it is really informative. I’m going to
    watch out for brussels. I will appreciate if you continue this best realtor in Meridian Ms future.
    Lots of people will be benefited from your writing. Cheers!

  28. Georgie Pittman November 26, 2024 at 8:27 am

    I’m impressed by the variety of ##landscaping## variations you explore on your website. It can be intriguing to find out how diverse cultures and regions impact outdoor design and style Excavation companies concord

  29. realtor in Meridian Ms November 26, 2024 at 8:33 am

    Do you have a spam problem on this site; I also am a blogger, and I was wondering your situation; we have developed some
    nice practices and we are looking to swap strategies with other folks, please shoot me an e-mail if interested.

    Review my blog :: realtor in Meridian Ms

  30. Warren Floyd November 26, 2024 at 9:27 am

    Did you know that certain flowers can in fact assist enhance your state of mind? It’s remarkable just how nature’s charm influences us. Discover more regarding it at local flower shop

  31. best realtor in tucson az November 26, 2024 at 9:44 am

    Hi, i feel that i saw you visited my website so i came to go back the prefer?.I’m
    trying to to find issues to improve my website!I assume its
    adequate to make use of a few of your ideas!!

    Here is my website: best realtor in tucson az

  32. Realtor in Meridian Mississippi November 26, 2024 at 9:55 am

    Thanks for finally writing about > Everything You Should Know
    About E-Scooter Giant Lime Realtor in Meridian Mississippi

  33. best realtor in st johns county fl November 26, 2024 at 10:19 am

    Why viewers still make use of to read news papers when best realtor in st johns county fl this technological world the
    whole thing is presented on web?

  34. realtor in ponce inlet November 26, 2024 at 11:14 am

    After looking into a number of the articles on your web page, I truly appreciate your way of writing a blog.
    I book-marked it to my bookmark webpage list and will be checking back realtor in ponce inlet
    the near future. Please visit my web site as well and let
    me know how you feel.

  35. realtor in Meridian Ms November 26, 2024 at 11:29 am

    I don’t know whether it’s just me or if perhaps everybody
    else experiencing issues with your blog.
    It seems like some of the text realtor in Meridian Ms your content are running off the screen. Can somebody else please provide feedback
    and let me know if this is happening to them as well?
    This may be a problem with my web browser because
    I’ve had this happen before. Kudos

  36. realtor in st augustine fl November 26, 2024 at 11:32 am

    Your style is very unique compared to other folks I have read stuff from.

    Thank you for posting when you’ve got the opportunity, Guess I
    will just bookmark this page.

    Feel free to surf to my page :: realtor in st augustine fl

  37. Delia Goodman November 26, 2024 at 11:55 am

    If you’re traveling to Dubai dune buggy dubai

  38. Realtor in Meridian Mississippi November 26, 2024 at 11:59 am

    Sweet blog! I found it while surfing around on Yahoo News.
    Do you have any tips on how to get listed Realtor in Meridian Mississippi Yahoo News?
    I’ve been trying for a while but I never seem to get there!
    Thanks

  39. Jeremy Price November 26, 2024 at 12:17 pm
  40. realtor in st augustine fl November 26, 2024 at 12:27 pm

    Wow, superb blog layout! How long have you been blogging for?
    you made blogging look easy. The overall look of your website is great, let alone the content!

    My page; realtor in st augustine fl

  41. Albert Steele November 26, 2024 at 12:53 pm

    I appreciate knowing upfront what fees might apply regardless of situation — get detailed breakdowns shared transparently alongside descriptions written concisely through site listed above:   # # Local dumpster rental near Orlando

  42. best realtor in st johns county fl November 26, 2024 at 1:32 pm

    I take pleasure best realtor in st johns county fl,
    result in I found just what I was taking a look for. You have ended my four day long hunt!
    God Bless you man. Have a great day. Bye

  43. realtor in ponce inlet November 26, 2024 at 2:01 pm

    I’m really enjoying the theme/design of your website.
    Do you ever run into any internet browser compatibility issues?
    A small number of my blog readers have complained about my website not operating correctly in Explorer but looks great realtor in ponce inlet Chrome.
    Do you have any recommendations to help fix this issue?

  44. realtor in tucson az November 26, 2024 at 2:10 pm

    Hey! I’m at work browsing your blog from my new apple iphone!

    Just wanted to say I love reading through your blog and look forward to all your posts!
    Carry on the great work!

    Have a look at my web page; realtor in tucson az

  45. realtor in tucson arizona November 26, 2024 at 2:32 pm

    Hey there! I know this is kind of off topic but I was wondering which blog platform are you using
    for this site? I’m getting sick and tired of WordPress because I’ve had issues
    with hackers and I’m looking at alternatives for another platform.

    I would be fantastic if you could point me realtor in tucson arizona the direction of a
    good platform.

  46. Eugenia McGee November 26, 2024 at 2:32 pm

    Love how clear your explanations are regarding renting dumpsters; can’t wait to use https://objects-us-east-1.dream.io/dumpster-rental-nc/oak-ridge/dumpster-rentals-101-success.html

  47. Realtor in Meridian Mississippi November 26, 2024 at 2:33 pm

    I was recommended this blog by my cousin.
    I am not sure whether this post is written by him as nobody else know
    such detailed about my problem. You are wonderful! Thanks!

    Feel free to visit my web page: Realtor in Meridian Mississippi

  48. 인어베가스 November 26, 2024 at 2:47 pm

    Good day! This post could not be written any better! Reading through this post reminds
    me of my old room mate! He always kept talking about this.
    I will forward this write-up to him. Fairly certain he will have a good read.
    Many thanks for sharing!

    Also visit my blog; 인어베가스

Comments are closed.

your ideal recruitment agency

view related content