Lime, the micromobility company known for its electric scooters and bicycles that are tossed onto city streets, has filed for an initial public offering. The rental startup, officially known as Neutron Holdings, filed with the Securities and Exchange Commission on Friday, after teasing ambitions to go public in 2021.
The company, which offers short-term rentals for its bright green scooters and bicycles, was founded in 2017 and soon garnered backing from major companies like Uber. In an SEC filing, Lime reported it expected revenue of $521 million in 2023, rising to $686.6 million in 2024 and $886.7 million in 2025. As of the end of last year, Lime reported operations in about 230 cities in 29 countries. The company’s CEO Wayne Ting even said in the CEO letter accompanying the IPO filing that Lime had surpassed one billion visits in 2025.
However, the startup is still looking to climb out of the crisis and the IPO filing may help it. According to the filing, Lime sees a net loss of $59.3 million in 2025 and has already booked a loss of more than $61.3 million in the first quarter of 2026. The filing also indicated that investors may be exposed to certain risk factors by purchasing Lime’s common stock, including its “history of net losses” and the possibility of “not being able to achieve or maintain profitability in the future.” Lime’s competitors tried and failed to achieve profitability, as seen with Bird going public and then filing for bankruptcy in 2023.
<a href