Lime Files for IPO as Micromobility Leader Targets $2B Valuation

Key Details Electric bike and scooter rental company Lime, backed by Uber and Google Ventures, filed for its initial public offering on May 8. The San Francisco-based micromobility firm is seeking a valuation around $2 billion, according to reports citing people familiar with the matter. Financial Performance Lime posted revenue of $886.7 million in 2025, up 29% from $686.6 million in 2024. However, the company's net loss widened to $59.3 million compared to $33.9 million the previous year, reflecting aggressive expansion costs. Why It Matters Lime now operates in over 230 cities globally and recently launched in major markets including Tokyo and Athens. The company boasts 3.8 million monthly active users, up 21% year-over-year, demonstrating strong user demand in the last-mile transportation sector. Valuation Context The $2 billion IPO target represents a significant recovery from Lime's $510 million valuation in 2020, though still below its 2019 peak of $2.4 billion. The company first announced IPO plans in 2021 but had delayed the offering until now, signaling improving market conditions for micromobility investments.