After years of preparation, Lime, an Uber-backed electric bike and scooter rental startup, has filed for an initial public offering. The company, officially known as Neutron Holdings Inc., had been considering public markets for about five years. In a 2023 interview, CEO Wayne Ting mentioned the company had the growth and profitability needed for an IPO, pending favorable market conditions. Lime intends to list on Nasdaq under the ticker “LIME,” although terms of the offering weren’t disclosed in the filing with the U.S. Securities and Exchange Commission.
Lime’s IPO documentation reveals increasing revenue but not profitability: $521 million in 2023, $686.6 million in 2024, and $886.7 million in 2025. Net losses have decreased over the years: $122.3 million in 2023, $33.9 million in 2024, and $59.3 million in 2025. The company reported free cash flow for the past three years, reaching $104 million in 2025, nearly double from the year before due to boosted operating activities.
Founded in 2017, Lime has strong ties to Uber, which led a $170 million funding round in 2020. During this deal, Lime acquired Jump, Uber’s electric bike and scooter unit. Jump’s name and assets were absorbed by Lime, further deepening Lime’s integration with Uber. Lime now operates in 230 cities across 29 countries, allowing users to rent scooters and ebikes via its app.
Lime’s collaboration with Uber has benefited the business. Lime vehicles are featured in the Uber app, and around 14.3% of Lime’s revenue last year came from this partnership, as detailed in its SEC filing.