The scooter wars might be over, as Lime claims victory
The shared electric scooter business has gone through a series of ups and downs over the last few years — mostly downs, if we’re being honest — but now, one company is ready to claim the mantle of victor.
Lime released a new set of financial figures that it says proves that last year’s slim profits were no fluke. The company reported gross bookings of $250 million in the first half of the year, a 45 percent increase over the same period last year. And it’s touting an adjusted EBITDA profitability of $27 million — the first time the company has achieved this for the first half of the year and a 45 percent margin increase over last year — and an unadjusted $20.6 million profitability.