"Lime, the micromobility company known for its electric scooters and bicycles which are dumped across city streets, has filed for an initial public offering. The rental startup, which is officially known as Neutron Holdings, filed with the Securities and Exchange Commission on Friday, after teasing ambitions of going public back in 2021."
"In the SEC filing, Lime reported that it earned $521 million in revenue in 2023, growing to $686.6 million in 2024 and $886.7 million in 2025. As of the end of last year, Lime reported operating in approximately 230 cities across 29 countries. The company's CEO, Wayne Ting, even noted that Lime had surpassed one billion trips in 2025 in the letter from the CEO accompanying the IPO filing."
"However, the startup is still looking to get out of the red and the IPO filing may help with that. According to the filing, Lime saw net losses of $59.3 million in 2025 and has already recorded $61.3 million more in losses in the first quarter of 2026. The filing also indicated that buying Lime's common stock could open investors up to some risk factors, including its "history of net losses" and the potential for not being able to "achieve or maintain profitability in the future.""
Lime, a micromobility rental company offering electric scooters and bicycles, filed for an initial public offering with the Securities and Exchange Commission. Neutron Holdings, the company’s official name, was founded in 2017 and gained early backing from major companies such as Uber. Lime reported revenue growth from $521 million in 2023 to $686.6 million in 2024 and $886.7 million in 2025. The company operated in approximately 230 cities across 29 countries and reported surpassing one billion trips in 2025. Lime also reported net losses of $59.3 million in 2025 and additional losses of $61.3 million in the first quarter of 2026, citing risks including a history of net losses and difficulty achieving or maintaining profitability.
Read at Engadget
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