Lime, the micromobility firm recognized for its electrical scooters and bicycles that are dumped across city streets, has filed for an preliminary public providing. The rental startup, which is formally generally known as Neutron Holdings, filed with the Securities and Change Fee on Friday, after teasing ambitions of going public again in 2021.
The corporate that gives short-term leases for its shiny inexperienced scooters and bicycles was based in 2017 and rapidly received backing from main corporations like Uber. Within the SEC submitting, Lime reported that it earned $521 million in income in 2023, rising to $686.6 million in 2024 and $886.7 million in 2025. As of the top of final yr, Lime reported working in roughly 230 cities throughout 29 nations. The corporate’s CEO, Wayne Ting, even famous that Lime had surpassed one billion journeys in 2025 within the letter from the CEO accompanying the IPO submitting.
Nevertheless, the startup remains to be seeking to get out of the pink and the IPO submitting could assist with that. In accordance with the submitting, Lime noticed web losses of $59.3 million in 2025 and has already recorded $61.3 million extra in losses within the first quarter of 2026. The submitting additionally indicated that purchasing Lime’s frequent inventory may open traders as much as some threat elements, together with its “historical past of web losses” and the potential for not with the ability to “obtain or preserve profitability sooner or later.” Lime’s rivals have tried and failed to realize profitability, as seen with Hen going public however then filing for bankruptcy in 2023.
