News Summary

Lime, the electric scooter rental company known for its micromobility solutions, has filed for an initial public offering (IPO). Officially known as Neutron Holdings, Lime filed with the Securities and Exchange Commission, revealing its growing revenue and expanding user base. The startup, backed by Uber Technologies Inc., reported revenue of $886.7 million in 2025, despite a net loss of $59.3 million. The company, founded in 2017 and operating in approximately 230 cities across 29 countries, has surpassed one billion trips. However, Lime continues to face challenges in achieving profitability, echoing struggles faced by competitors like Bird, which filed for bankruptcy in 2023.