Uber is set for a payday from Lime's IPO — and is interested in doubling down on the scooter bet
By
Alex Bitter
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Uber is set for a payday from Lime's IPO — and is interested in doubling down on the scooter bet
Uber is Lime's largest shareholder with a 24% stake. The scooter company filed plans for an IPO, targeting a price of $24 to $26 per share.
TL;DRAI
Uber, with 24% stake in Lime (~$350M at IPO), plans $20M additional investment. The partnership exemplifies Uber's aggregator model—leveraging its rider base for Lime acquisition (14% of Lime revenue)—a strategy Uber replicates with robotaxi partners (Waymo, Baidu) to scale mobility without marketing costs.
696 words~3 min read
