What happened to lime & the scooter industry?

The past two years have been a rollercoaster for Lime and the shared scooter industry as a whole. The company’s ridership dropped 95 percent as a result of the pandemic. While the world was locked down, Lime made a crucial investment deal with Uber and others for $170 million to take over the ride-hailing company’s bike and scooter business Jump.

Is lime the last electric scooter company?

Lime wasn’t the first to offer shared electric scooters for rent — that distinction goes to Bird — but it may be the last scooter company standing, especially as others merge and the industry continues to consolidate and evolve. “There’s tremendous growth for the whole industry, not just Lime,” Ting said.

Is lime a good scooter company?

But while Bird relies on its business model of sending fleets of scooters to small operators to handle deployment and charging, Lime will likely rely on its scale and global status to attract investor interest. The company claims to be the top scooter operator in the US and Europe.