How do Lime’s ebikes make money? Share market debut sheds light on finances
World
The firm’s public listing in June gives an insight into a question analysts have been wondering for years: how does this business stack up?
In April, Lime brought its green ebikes and e-scooters to Canberra. Before it had even arrived, the US micro-mobility firm had invested nearly US$2m.
Lime’s experience in Australia’s sprawling capital is emblematic of a broader problem at the core of a business heavy on capital outlay.
To read the full story from the source: The Guardian – International
