Shared micro-mobility service provider Lime officially files for IPO, with losses further widening last year

Source: Global Market Report

The American micro-mobility sharing company Lime has officially submitted its initial public offering (IPO) application to regulators. As a leading company in the sector with Uber as a shareholder, Lime's move marks another attempt by the shared electric scooter industry to pursue expansion in the capital markets after experiencing significant market fluctuations.

Financial data reveals that Lime's revenue for the 2025 fiscal year reached $887 million, up from $687 million in 2024; however, its net loss also grew from $34 million in the previous fiscal year to $59 million. According to Renaissance Capital, Lime's IPO is expected to raise about $250 million.

Public records show that since its establishment, Lime has received over $900 million in venture capital investments, with backers including Andreessen Horowitz, Bain Capital, and Google's GV fund. In 2019, the company once reached an all-time high valuation of $2.4 billion.

Industry analysts point out that Lime is attempting to avoid the financial challenges previously faced by its competitors. Its main rival, Bird, went public in 2021 through a special purpose acquisition company (SPAC), achieving a valuation of $2.3 billion, but later filed for bankruptcy due to poor operations and is now under creditor control.

In recent years, Lime has continued its global expansion, with operations now covering more than 20 cities including Tokyo and Athens. Reports indicate that Lime has been particularly active in the European market, with its iconic green shared bicycles widely deployed in major cities like London. During last year's London Underground strike, the platform's usage saw a significant surge.