BUSINESSBUSINESS INSIDER
Lime is doubling down on cities where it already operates. It's about creating more loyal riders, its CEO says
Lime is increasing its scooter and bicycle fleets in existing US cities to boost rider loyalty and reliability. The company reported a 24% revenue increase and net income of $295 million in Q2, driven by its IPO and subscription services like LimePass. CEO Wayne Ting emphasized using AI to optimize vehicle placement and enhance user experience.
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Adjacent reporting
- The electric scooter rental company Lime has filed for IPO
- TechCrunch Mobility: Lime’s IPO gamble
- Uber is set for a payday from Lime's IPO — and is interested in doubling down on the scooter bet
- Lime, the scooter company that took over SF, goes public
- Lime is launching its IPO roadshow at a $1.8 billion valuation