Lime

What Lime does

Lime (legally Neutron Holdings, Inc.) operates the largest global shared electric micromobility platform, deploying more than 200,000 e-bikes, e-scooters, and adaptive vehicles across 230+ cities in approximately 30 countries on five continents, with more than one billion lifetime rides and 3.8 million monthly active users as of FY2025. The core product is a unified hardware family built around the in-house-designed Gen4 platform, which uses a swappable, interchangeable battery system shared between e-scooters, e-bikes, the Gen4 Seated e-scooter, and the newer LimeGlider and LimeBike form factors, all accessed through a single rider mobile app and a backend fleet management system. Lime's technology stack layers Lime Vision, an industry-first operator-built computer vision platform for sidewalk detection and rider safety alerts, on top of IoT telematics, GPS positioning, GBFS data feeds for transit integration, and Uber app deep-linking, with 99.99% of trips reported incident-free in 2024. The business is hybrid: a direct-to-consumer per-ride and subscription model (LimePrime, LimePass, Fan Pass) that generated $886.7M in FY2025 revenue (29.1% YoY growth) at a 39% gross margin, combined with city-by-city B2B contracts and transit-agency partnerships; Uber's app integration contributes approximately 14% of revenue, and programs like Lime Access, Lime Assist, Lime Hero, and Lime to the Polls address equity, accessibility, and community segments. The company is headquartered in San Francisco, has 501-1,000 employees, and is in the final stages of a Nasdaq IPO under ticker LIME (S-1 filed May 2026) at a target valuation of up to $1.8B, while disclosing a going-concern flag tied to ~$845.8M in current debt obligations, a $59.3M FY2025 net loss, and three consecutive years of positive free cash flow.

Name

Lime

Legal name

Neutron Holdings, Inc.

Website

https://li.me

Company type

Public

Founded year

2017

Operating status

Ipo

Headcount range

501–1,000 employees

Short description

Lime (Neutron Holdings, Inc.) is the world's largest shared electric micromobility operator, deploying 200,000+ e-bikes, e-scooters, and adaptive vehicles across 230+ cities in ~30 countries via a single app, serving 3.8M monthly active users and one billion+ lifetime riders through a mix of per-ride, subscription, and municipal B2B contracts.

Ownership category

akta.pro rank

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Supply Chain, Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Others

Revenue model

1. Per-Ride Usage Fees: Primary revenue from per-minute ride charges (e.g., $0.35-$0.55/min) plus unlock fees (typically $1) for e-bike and e-scooter rentals across all markets.
2. LimePrime Subscription: Monthly subscription product offering flat-rate rides, waived unlock fees, extended reservation time (30 min vs 10 min), and discounts for loyal riders. Pricing varies by market (e.g., $4.99-$6.99/month).
3. Lime Advertising (Lime Ads): Advertising placements on Lime e-bikes and in-app at city, regional, or global scale, allowing brands to reach consumers through roving billboards.
4. Ride Passes (LimePass): Bulk minute packages with expiration windows (e.g., 30 mins/1 day, 200 mins/7 days), offering flat-rate ride packages including Fan Pass promotional offerings during major events.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels8 records

Core offering

Lime operates a global shared micromobility platform that rents electric bikes, e-scooters, and adaptive vehicles to individual riders through the Lime mobile app across more than 230 cities in nearly 30 countries. The service is delivered under city-by-city municipal contracts, with a unified swappable battery system across the Gen4 vehicle lineup, computer-vision safety technology, subscription and ride-pass products, advertising inventory, and equity/accessibility programs for low-income riders and riders with disabilities.

Product overview

Lime operates an integrated shared micromobility platform centered on a single Lime rider app that unlocks, reserves, and pays for multiple vehicle types. The core hardware lineup — Gen4 E-Scooter, Gen4 E-Bike, the newer LimeBike, the inclusive seated LimeGlider, and the Gen4 Seated E-Scooter — is supported by a unified swappable battery system and overlaid with subscription and access programs (LimePrime, Lime Access, Lime Assist, Lime Hero, Lime to the Polls). The platform is enhanced by the Lime Vision computer vision safety layer, advertising via Lime Ads, and a GBFS data feed for transit partner integrations, while Lime Impact Lab ties together the social-impact and community programs.

Differentiator

Problem solved

Functional benefit

Products and services

• Gen4 E-Scooter Stand-on electric kick scooter with ergonomic handlebars, intuitive throttle, mountain bike-inspired suspension, wide footboard, redundant brakes, and 12-inch front wheels; designed in-house with swappable interchangeable batteries shared across the Gen4 fleet and rented to urban riders via the Lime app.
• Gen4 E-Bike Electric pedal-assist bicycle featuring interchangeable swappable batteries, marketed as Lime's most sustainable e-bike; part of the Gen4 hardware generation with unified swappable batteries across vehicles, rented to urban riders via the Lime app.
• LimeBike Compact electric bicycle designed for accessibility, with smaller 20-inch wheels, a step-through frame, and an easier seat adjustment system; launched in Sydney in November 2025 and rolled out to additional markets.
• LimeGlider Seated electric vehicle with foot rests, a larger padded seat positioned closer to the ground, and 20-inch wheels; engineered to appeal to women, older riders, and others who have difficulty pedaling for extended periods, with modular design and swappable batteries.
• Gen4 Seated E-Scooter Seated version of the Gen4 e-scooter that combines the seated comfort of a bike with the effortlessness of an e-scooter, including a dedicated storage compartment under the seat.
• LimePrime Monthly subscription product offering flat-rate rides, waived unlock fees, extended reservation time (30 min vs 10 min), and discounts for loyal riders; pricing varies by market (e.g., $4.99-$6.99/month).
• LimePass (Ride Passes) Bulk minute packages with expiration windows (e.g., 30 mins/1 day, 200 mins/7 days), offering flat-rate ride packages including Fan Pass promotional offerings during major events.
• Lime Access Affordability/equity program providing discounted or free rides to eligible low-income riders, plus text-to-unlock and cash payment options; as of reporting, more than 17 million trips have been served to over 166,000 riders.
• Lime Assist First-of-its-kind adaptive mobility program offering free on-demand delivery of a library of accessible vehicles for riders with varying abilities; reservations available up to seven days in advance with 24-hour rental windows.
• Lime Ads Advertising program that places brand messaging on Lime e-bikes and in-app across single cities or multiple markets in more than 230 cities worldwide, positioning Lime's vehicles as roving billboards powered by 100% renewable energy.
• Fan Pass Limited-time promotional ride pass launched ahead of the 2026 FIFA World Cup across multiple host markets, providing up to 90 minutes of ride time for a fixed price (capped at $15), free unlocks, discounted per-minute pricing, and flexible 5-day use.

Quantifiable outcome

• Reduces carbon emissions by 75% per trip vs comparable car trip
• +6 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability6 records

Feature7 records

Partnerships

14 partnerships are on record, tiered minor, major and core.

• Wing Luke MuseumminorGTM or Marketing Partner · 20 May 2026Partnership for AAPI Heritage Month in Seattle's Chinatown-International District; custom e-bike wraps with artwork by Ryan Chen, with Lime contributing up to $5,000 to the museum based on rider activity throughout May.
• MicrosoftmajorGTM or Marketing Partner · 24 March 2026Microsoft donated 3,000 commemorative ORCA cards and Lime offered free rides on opening day of the Link light rail 2 Line connecting Seattle to Eastside; ongoing Sound Transit partnership for regional transportation events.
• HELLO CYCLINGmajorChannel Partner/ Reseller/ Distributor · 3 September 2025Collaboration to launch shared ports in Japan, integrating Lime's vehicles with HELLO CYCLING's port network to expand multi-modal shared mobility options in Japan.
• Cyclic MaterialsmajorStrategic or Co-development Partner · 20 May 2025Pioneering partnership to recycle rare earth magnets from decommissioned e-bike and electric scooter motors in North America. Cyclic Materials uses proprietary MagCycle and REEPure technologies to extract magnets and return rare earths to raw material supply chain; Lime supplies motors from Canada and the USA. Plans to create an above-ground mine of end-of-life magnets in the US by 2035.
• Japan Airlines (JAL)minorGTM or Marketing Partner · 11 November 2024Partnership rewarding Japan Airlines passengers with last-mile mobility options using Lime e-bikes and e-scooters upon arrival in Japan.
• AspirationminorGTM or Marketing Partner · 9 March 2022Partnership to mobilize riders on sustainability by supporting tree planting with every Lime ride, integrating sustainability rewards with rider experience.
• SafeUPminorGTM or Marketing Partner · 17 November 2021Partnership to foster safer environments for women in cities via reliable transportation, combining Lime's mobility services with SafeUP's community safety platform.
• World Wildlife Fund (WWF)majorStrategic or Co-development PartnerPartnership aims to promote emissions-free urban mobility and support WWF's conservation initiatives; seeks to raise funds for WWF and drive awareness and behavioral change in city transportation.
• United Nations Sustainable Development Goals (UNSDGs)majorStrategic or Co-development PartnerLime is a UN partner with core impacts in furthering Goal 3 (good health and well-being), Goal 11 (sustainable cities and communities), and Goal 13 (climate action).
• Redwood MaterialsmajorStrategic or Co-development PartnerApril 2025 agreement with Redwood Materials for battery material recovery from decommissioned Lime vehicles; represents Lime's first recycling partnership in the United States.
• Medical University of South Carolina (MUSC Health)minorStrategic or Co-development PartnerSupported launch of new e-bike sharing program in Charleston; deployment of 200+ Gen4 e-bikes as part of partnership to expand sustainable transport for MUSC's healthcare/education community.
• Lime Hero Nonprofit Partners (65+ organizations)coreGTM or Marketing PartnerCommunity empowerment program allowing riders to round up ride costs to support local nonprofits. 175,000+ Lime Hero riders have raised nearly $1 million globally for 65+ partner organizations including Seattle Neighborhood Greenways, London Cycling Campaign, The Felix Project, WWF, MADD, Atlanta BeltLine Partnership, and many others across 90+ cities.
• Call2Recycle CanadaminorStrategic or Co-development PartnerSeptember 2025 partnership to give e-transport batteries a second life; collaborative battery recycling program in Canada.
• Sound TransitminorStrategic or Co-development PartnerPartnership for the opening of the Link light rail 2 Line connecting Seattle to Eastside in March 2026; Lime provided free rides on opening day and participated in multi-station celebrations.

Scale indicators13 records

Recent moves14 records

Expansion highlights6 records

Direct peers

• Veo (VeoRide): Veo is a US shared-micromobility operator that directly displaced Lime in Denver in 2026 after a competitive RFP. It operates sit-down and stand-up e-scooters plus e-bikes in dozens of US college towns and cities, competing for the same municipal contracts and university deployments.
• Spin (Bolt): Spin, originally Ford's micromobility unit, was acquired by Tier Mobility in 2024 and subsequently folded into the Tier/Dott combination under the Spin brand in North America. Spin operates dockless e-scooters and e-bikes in dozens of US cities and competes directly for municipal permits.
• Bird Global: Bird is the most direct US-headquartered peer, operating shared e-scooter and e-bike fleets across North America, Europe and the Middle East. After a Chapter 11 restructuring in late 2023 and acquisition by Bird Rides (Tier-style), Bird competes head-to-head with Lime for the same municipal permits and rider base.
• Tier Mobility (Dott): Formed by the 2024 merger of Tier Mobility and Dott, this European-headquartered shared-micromobility operator runs shared e-scooter and e-bike fleets across Europe, the Middle East and select global cities. It is Lime's principal direct competitor in EMEA and competes for the same city tenders (e.g., London, Paris).
• Forest (HumanForest-style operator): Forest is a London-based shared e-bike operator that has won competitive UK tenders (Haringey, Richmond) over Lime in 2026. It is a direct peer competing for the same London borough and UK city contracts with comparable e-bike hardware.

Regional players

• Beam Mobility: Beam is an Asia-Pacific-focused shared micromobility operator (Australia, New Zealand, Southeast Asia, Korea) running shared e-scooter and e-bike fleets. It competes with Lime in overlapping APAC cities and was recently displaced by Lime in Canberra, making it a strong regional rather than global competitor.

Broad incumbents

• Uber Technologies: Uber is Lime's largest shareholder (24%), anchor IPO investor, and guarantor of Lime's $115M term loan, and also operates Uber Ride and previously transferred its Jump micromobility assets to Lime. Uber is a broad incumbent in shared mobility with overlapping customer access via the Uber app (which drives ~14% of Lime's revenue) but no longer operates its own shared scooter/bike fleet.
• Lyft Bikes & Scooters: Lyft operates shared bike and scooter programs (including Bay Wheels in the SF Bay Area, Citi Bike in NYC) as part of its broader ride-hail platform. It is a broad incumbent competing with Lime on city contracts and consumer mobility, but as a vertical inside a larger multimodal platform rather than a micromobility pure-play.

Emerging players

• Revel Transit: Revel operates shared electric mopeds and has expanded into shared e-bikes in select US cities (NYC, Austin). It is a broader light-electric-mobility emerging player with overlapping customer use cases (urban short trips, first/last-mile) but a different primary vehicle format.
• Wheels (Helbiz): Wheels (formerly Helbiz) operates seated shared e-bikes and e-scooters in select US and European cities, differentiating on a sit-down vehicle format that overlaps with Lime's Gen4 Seated and LimeGlider products. It is a smaller, emerging peer with partial overlap rather than full global competition.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/limebike
• YouTubeyoutube.com/channel/UCQ0MzWRGkmr_K-_QFVcvgsw
• Facebookfacebook.com/limebike
• LinkedInlinkedin.com/company/limebike
• Instagraminstagram.com/lime

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries1 record

Funding overview

Funding rounds11 records

Investors61 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lime