Lime is heading to the public markets with plans to raise up to $180.9 million in its US initial public offering, with Uber stepping in as the anchor investor. The deal would value the electric scooter and bike company at roughly $1.8 to $2 billion, making it the first dedicated micromobility operator to go public in nearly eight years.
Lime, formally operated by Neutron Holdings Inc., filed its S-1 registration statement with the SEC on May 8. The company currently operates in approximately 230 cities across 29 countries. Revenue hit $886.7 million in 2025, up from $686.6 million in 2024. Monthly active users are growing at a 19-21% clip year-over-year.
Uber’s role here goes deeper than simply writing a check. The ride-hailing giant has been intertwined with Lime since 2020, when it transferred its Jump bike operations to the scooter company. Today, 14.3% of Lime’s revenue flows through the Uber app, making Uber both a strategic partner and a distribution channel.
Lime has acknowledged a looming liquidity shortfall, driven primarily by $845 million in debt that comes due in the near term. The $180.9 million raise doesn’t fully cover that debt load — it’s roughly 21 cents on every dollar Lime owes, which means additional financing, debt restructuring, or some combination of both will almost certainly be necessary after the offering.
