Lime, the micromobility corporate identified for its electrical scooters and bicycles that are dumped throughout town streets, has filed for an preliminary public providing. The apartment startup, which is formally referred to as Neutron Holdings, filed with the Securities and Trade Fee on Friday, after teasing ambitions of going public again in 2021.
The corporate that provides temporary leases for its shiny inexperienced scooters and bicycles used to be based in 2017 and temporarily received backing from main firms like Uber. Within the SEC submitting, Lime reported that it earned $521 million in earnings in 2023, rising to $686.6 million in 2024 and $886.7 million in 2025. As of the top of remaining yr, Lime reported working in roughly 230 towns throughout 29 international locations. The corporate’s CEO, Wayne Ting, even famous that Lime had surpassed 1000000000 journeys in 2025 within the letter from the CEO accompanying the IPO submitting.
Then again, the startup remains to be taking a look to get out of the pink and the IPO submitting would possibly assist with that. In step 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 commonplace inventory may open traders up to a couple chance elements, together with its “historical past of web losses” and the opportunity of no longer having the ability to “succeed in or deal with profitability one day.” Lime’s competition have attempted and failed to succeed in profitability, as observed with Chicken going public however then submitting for chapter in 2023.
