Lime, the Uber-backed micromobility firm, recordsdata for IPO

After years of hints and preparation, the Uber-backed electrical bike and scooter rental startup Lime has filed for an preliminary public providing.

The corporate, which is integrated as Neutron Holdings Inc., has eyed the general public markets for a minimum of 5 years. CEO Wayne Ting final spoke instructed TechCrunch in 2023 concerning the prospect of an IPO, noting on the time that Lime had the the economics, the expansion, and the profitability to take the startup public. All that was required was correct market situations.

That day has apparently arrived.

The corporate intends to checklist on ​Nasdaq beneath the ticker image “LIME.” Lime didn’t share phrases of the providing, which was filed Friday with the U.S. Securities and Change Fee.

Lime’s IPO submitting reveals an organization with rising income, however not but profitability. The corporate generated $521 million in income in 2023, $686.6 million in 2024, and $886.7 million final 12 months.

Its internet losses had been $122.3 million in 2023, however that line merchandise has narrowed the previous two years. Lime reported internet losses of $33.9 million in 2024 and $59.3 million in 2025. Lime additionally reported it had free money move the previous three years; its free money move was $104 million in 2025, almost double from the earlier 12 months as a result of a rise in money offered by working actions

Lime, which was based in 2017, has deep ties to Uber. The ride-hailing and supply large led Lime’s $170 million funding spherical in 2020. As a part of that deal, Lime acquired Soar, the electrical bike and scooter division that Uber purchased again in 2018 for round $200 million. After the acquisition Soar’s title disappeared and its belongings had been absorbed by Lime. Within the years since, Lime has built-in extra intently with Uber.After the acquisition Soar’s title disappeared and its belongings had been absorbed by Lime. Within the years since, Lime has built-in extra intently with Uber.

The acquisition additionally propelled Lime’s growth. The corporate, which lets customers lease scooters and ebikes by its app, is now in 230 cities and 29 international locations.

Lime’s relationship with Uber has additionally been a gradual tailwind for the enterprise. Underneath its unique relationship, Lime autos are featured as a experience possibility throughout the Uber app in almost all of its shared markets. A piece of Lime’s income — about 14.3% final 12 months — got here by its partnership with Uber, the SEC doc reveals.