Lime, the micromobility firm identified for its electrical scooters and bicycles that are dumped throughout metropolis streets, has filed for an preliminary public providing. The rental startup, which is formally generally known as Neutron Holdings, filed with the Securities and Alternate Fee on Friday, after teasing ambitions of going public again in 2021.
The corporate that provides short-term leases for its vibrant inexperienced scooters and bicycles was based in 2017 and rapidly gained 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 tip of final yr, Lime reported working in roughly 230 cities throughout 29 international locations. 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.
Nonetheless, the startup continues to be seeking to get out of the purple and the IPO submitting might assist with that. In line 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 might open buyers as much as some threat components, together with its “historical past of web losses” and the potential for not having the ability to “obtain or preserve profitability sooner or later.” Lime’s opponents have tried and failed to realize profitability, as seen with Hen going public however then submitting for chapter in 2023.
