Lime, the Uber-backed micromobility company, files for an IPO

After years of pitching and planning, Uber-powered electric bike and rental scooter Lime has given its initial funding to the community.

The company, which is part of Neutron Holdings Inc., owns it he looked closely at the public markets for at least five years. CEO Wayne Ting spoke last he told TechCrunch in 2023 about the prospect of an IPO, realizing at that time that Lime had the resources, growth, and profitability to launch a public offering. What was needed were the right market conditions.

It seems that day has come.

The company intends to list on the Nasdaq under the symbol “LIME”. Lime did not share word of the donation, which it was filed Friday by the US Securities and Exchange Commission.

Lime’s IPO filing shows a company that is growing revenue, but not profitable. The company generated revenue of $521 million in 2023, $686.6 million in 2024, and $886.7 million last year.

His total losses were $ 122.3 million in 2023, but this line has decreased in the last two years. Lime reported a net loss of $33.9 million in 2024 and $59.3 million in 2025. Lime also reported that it had free cash flow for the past three years; its free cash flow was $104 million in 2025, almost twice as much as the previous year due to the increase in revenue generated by operating activities.

Lime, which was founded in 2017, has deep ties with Uber. The logistics specialist has led Lime in a $170 million investment in 2020. As part of the deal, Lime found Jumpthe electric bike and scooter division that Uber bought back in 2018 for about $200 million. After finding out Jump’s name disappeared and his property was taken over by Lime. Over the years, Lime has been closely associated with Uber. After the acquisition the Jump name disappeared and its assets were taken over by Lime. A few years later, Lime has merged closely with Uber.

The acquisition also boosted Lime’s growth. The company, which allows users to rent scooters and ebikes through its app, is now in 230 cities and 29 countries.

Lime’s relationship with Uber has also been a cornerstone of the business. Under its exclusive relationship, Lime cars are featured as a ride option in the Uber app in almost all of its shared markets. A chunk of Lime’s revenue — about 14.3% last year — came through its partnership with Uber, the SEC filing shows.