Lime said it had raised more than $500 million in 2021 and was considering a public listing. The Verge’s report described $418 million in debt financing and a $105 million loan. Calling all of that fresh investment without explaining the debt gave the wrong impression.
I used Lime, so I understood why people wanted scooters in cities. The harder question was whether each scooter earned enough after charging, repairs, collection, and city fees. A ride count or IPO plan didn’t answer it. I would have wanted fleet-level economics before calling this a durable mobility business.