The Scooters Are Coming
If you’re one of those curmudgeonly types who was reveling in the absence of a fleet of flaming, dockless scooters on New York City streets up until this point, there’s bad news: The scooters are coming, and they’ll be here by summer. On Wednesday, New York City’s Department of Transportation (DOT) announced that Bird, Lime and … Continued
Lime Expands Fleet With New E-Bike That Uses the Same Battery Pack as Its Scooters
The middle of a pandemic might not seem like a great time to expand a fleet of shared transportation gadgets, but Lime is pushing ahead anyway with a new e-bike that runs on the same battery packs used in its scooters. As part of a $50 million plan to build out its bike-sharing service, Lime … Continued
You Lost How Much on Scooters?
Lime, the company whose business model is buying thousands of electric scooters and just sort of leaving them there in the hopes people will ride them, is on track to lose $300 million this year. Per a report in the Information, financial projections that are the “first detailed picture to emerge of Lime’s financial performance” … Continued