# Lime

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lime

- Industry: Transportation Services
- Headquarters: San Francisco, US
- Website: www.li.me
- Total disclosed funding: $728M
- Latest round: Series D (Jun 16, 2020)
- Investors on record: 36

## About

Lime is a prominent US-based company specializing in micromobility solutions, offering e-scooter and e-bike sharing services aimed at enhancing urban transportation and sustainability.Founded in 2017 in San Francisco, US, Neutron Holdings, Inc., operates as Lime, which provides electric scooter and bicycle-sharing services. The company has raised a total of USD 294.63 mn across multiple funding rounds, with the latest being a VENTURE DEBT round, raising USD 523.00 mn from investors including Abu Dhabi Growth Fund and Uber Technologies Inc. Lime has executed 11 distinct deals since inception and is led by a diverse executive team including Claus Rasmussen and Francis Robichaud, with a founding team that includes Brad Bao and Devrim Erdöl.Lime is a leading provider of micromobility solutions, specializing in e-scooter and e-bike sharing services. The core product offerings consist of electric scooters and bicycles that are available for short-term rentals through the Lime app, which facilitates user access by allowing account creation, pricing visibility, and adherence to local safety regulations. Riders can easily start their journeys by scanning a QR code on the vehicle. Lime addresses urban mobility challenges with sustainable transportation options to reduce car reliance and traffic congestion. Its services operate in numerous metropolitan areas across North America, Europe, and Asia, catering to a diverse customer base that includes commuters and environmentally-conscious individuals seeking alternative transport methods.Lime generates revenue primarily through the rental of its e-scooters and e-bikes, employing a pay-per-ride pricing model. Users incur a base fee to unlock a vehicle, followed by a per-minute charge for the ride duration. Transactions occur seamlessly through the Lime app, which also enhances customer engagement and support. Various pricing plans cater to different user needs, including single rides, daily passes, and subscription options for frequent riders. The company’s offerings include electric scooters designed for urban use and e-bikes suitable for longer distances and varied terrains, effectively capturing revenue from a wide array of users. Lime plans to leverage recent funding to expand its offerings and services. The company is exploring the design and launch of new products, although specific details on upcoming releases have not been disclosed. Lime is focused on expanding its market presence, targeting new metropolitan areas in North America and Europe for expansion. The recent VENTURE DEBT funding will support these initiatives and enhance Lime's operational capabilities.

## Funding rounds

- Series D, Jun 16, 2020 — FJ Labs
- Series D, Jan 23, 2019, $295M — Institutional Venture Partners, Bain Capital, DCM, GIC, Granite Asia, Fidelity Investments, GV, Andreessen Horowitz, KDDI, Coatue Management, Alphabet, Global Brain, St. Augustine Capital Partners, FJ Labs, Gaingels, Fifth Wall Ventures, GR Capital, Sutter Rock Capital, Bling Capital
- Series C, Jul 3, 2018, $335M — Institutional Venture Partners, GIC, Fidelity Investments, GV, Atomico, Andreessen Horowitz, Coatue Management, Alphabet, Uber Technologies Inc., Alpha Partners, Fifth Wall Ventures
- Series B, Feb 16, 2018, $35M — NGP Capital, Andreessen Horowitz, Rainbow Technologies, Decent Capital, Fifth Wall Ventures
- Series B, Nov 16, 2017, $0.1M — DCM, Granite Asia, Andreessen Horowitz, Coatue Management, Section 32
- Series B, Oct 10, 2017, $50M — DCM, Granite Asia, Andreessen Horowitz, Coatue Management, AME Cloud Ventures, Franklin Templeton, Stanford-StartX Fund, Section 32, The Durant Company
- Series A, Mar 6, 2017, $13M — DCM, IDG Capital, Ridge Ventures, Stanford University, Andreessen Horowitz, DHVC, Seven Seas Venture Partners, IMO Ventures

## Investors

- DCM (https://capitalatlas.ai/funds/dcm) — Series A, Series B, Series D
- IDG Capital (https://capitalatlas.ai/funds/idg-capital) — Series A
- Ridge Ventures (https://capitalatlas.ai/funds/ridge-ventures) — Series A
- Stanford University — Series A
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series A, Series B, Series C, Series D
- DHVC (https://capitalatlas.ai/funds/dhvc) — Series A
- Seven Seas Venture Partners (https://capitalatlas.ai/funds/seven-seas-venture-partners) — Series A
- IMO Ventures (https://capitalatlas.ai/funds/imo-ventures) — Series A
- Granite Asia (https://capitalatlas.ai/funds/granite-asia) — Series B, Series D
- Coatue Management (https://capitalatlas.ai/funds/coatue-management) — Series B, Series C, Series D
- AME Cloud Ventures (https://capitalatlas.ai/funds/ame-cloud-ventures) — Series B
- Franklin Templeton (https://capitalatlas.ai/funds/franklin-templeton) — Series B
- Stanford-StartX Fund — Series B
- Section 32 (https://capitalatlas.ai/funds/section-32) — Series B
- The Durant Company (https://capitalatlas.ai/funds/the-durant-company) — Series B
- NGP Capital (https://capitalatlas.ai/funds/ngp-capital) — Series B
- Rainbow Technologies — Series B
- Decent Capital — Series B
- Fifth Wall Ventures (https://capitalatlas.ai/funds/fifth-wall-ventures) — Series B, Series C, Series D
- Institutional Venture Partners (https://capitalatlas.ai/funds/institutional-venture-partners) — Series C, Series D
- GIC — Series C, Series D
- Fidelity Investments (https://capitalatlas.ai/funds/fidelity-investments) — Series C, Series D
- GV (https://capitalatlas.ai/funds/gv) — Series C, Series D
- Atomico (https://capitalatlas.ai/funds/atomico) — Series C
- Alphabet — Series C, Series D
- Uber Technologies Inc. — Series C
- Alpha Partners (https://capitalatlas.ai/funds/alpha-partners) — Series C
- Bain Capital (https://capitalatlas.ai/funds/bain-capital) — Series D
- KDDI — Series D
- Global Brain (https://capitalatlas.ai/funds/global-brain) — Series D
- St. Augustine Capital Partners (https://capitalatlas.ai/funds/st-augustine-capital-partners) — Series D
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Series D
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series D
- GR Capital (https://capitalatlas.ai/funds/gr-capital) — Series D
- Sutter Rock Capital (https://capitalatlas.ai/funds/sutter-rock-capital) — Series D
- Bling Capital (https://capitalatlas.ai/funds/bling-capital) — Series D
