The electric scooter and e-bike sharing provider Lime has raised 523 million US dollars in an oversubscribed financing round. With the fresh capital, among other things, Lime wants to bring its vehicles to more cities. Lime is also aiming to go public in 2022.
ADG, Fidelity and Highbridge as well as the ride-hailing company Uber participated in the financing round, a mixture of convertible bonds and debt financing. The exact amount of the respective investments and shares has not been disclosed.
Part of the money will be used to push the introduction of the Gen4 e-bikes, which were presented in March. Lime has not yet announced specific cities or numbers of units. In addition, the capital will be used to drive innovations that further decarbonise Lime’s supply chain and ensure that the company always put “the most sustainable hardware on the road,” says the micromobility company.
This statement from the company’s CEO does raise the question of just what it has in mind in terms of other transport modes.
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