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Friday, 27 June 2025
Technology News

Lime renews vows with Uber ahead of busy summer season

Lime renews vows with Uber ahead of busy summer season

Shared scooter and bike company, Lime, are getting ready for another busy summer by caressing one of its biggest supporters, one of Uber.

The two companies have recently signed a new multier agreement that allows Uber to continue Lime’s shared bikes and scooters on their ridehel app. As part of the deal, Lime’s rented bike and scooter will appear in the markets in Uber’s app in which they overlap, including the US, Canada, Europe, Australia and New Zealand. The previous agreement was set to end at the end of this year.

Lime CEO Wayne Ting said in a statement, “We are pleased to increase this fruitful relationship in the future so that Riders can find Lime on the Uber platform and book quickly.” “Working with Uber has allowed us to reach more people and provide more riders with sharp, cheap, emission-free transport through one of the world’s largest transport platforms. The deal strengthens lime as a go-two option for two-wheeler travels in cities.”

Uber recently also announced that Lime would be included as part of its Uber One Subscription Members, which would introduce 10 percent cash back on all lime rides.

As part of the deal, lime rented bike and scooter will continue to appear in Uber’s app

Uber and lime In 2018, the scooter came together during the height of the boomAlphabet’s Venture Arm, along with Ridehel veteran, joined the financing of $ 335 million under the leadership of GV. This was the first time Lime’s bike and scooter became available for rent on Uber’s app. During Kovid epidemicUber threw an important lifeline for lime, Investment of $ 170 million in the company In lieu of lime acquisition Uber’s jump bike and scooter businessToday, Uber has a 29 percent stake in lime.

And as the epidemic proceeded, the deal defrailed Pull forward from many struggling rivalsAs other companies, lime scooter the past Merger And insolvency, and now presents itself as the leading shared micromobility company in the world. Earlier this year, the company published its 2024 financial results, with the fourth year of growth of more than 30 percent, postponed for $ 810 million in the second consecutive year of positive free cash flow and gross booking by $ 810 million.

And as the summer season comes in summer, Lime is establishing its vision on new markets. The company recently launched Barcelona, ​​and was later planned to expand into Mexico this year. Its latest vehicles also have to continue, Lymbic and pedal-less limgliderWith launch in about a dozen cities in the last two months. Of the two new bikes, Lime says it plans to reach a fleet of more than 15,000 deployed vehicles globally in 2025. (Glider is available only in North America, as it is necessary for the European Union to be classified as throttle-keval e-bikes.)

As the Lime fast on its business, the company recently hit a new record for daily riding, crossed 1 million rides in a single day on 31 May – and then again on 1 June. Lime says that in more than 800 million individual visits since the lame’s service started in 2017, the riders recently used more than 10 billion minutes forums.

Lime’s decision to continue the partnership with Uber comes as the main rival, Lyft, Ridehel Company, Increase in prices Its main Bikesheer service, city bike in New York. Lyft Citi was searching for potential sales of bikesBut now let’s say that this is the plan Expand service Later this year in the outer boro.

Uber says its deal with lime helps bring it closer to its goal A zero-furorer stage by 2040“Lime has been an influential partner in our efforts to make transportation easy, more economical and more durable,” Uber CEO Dara Kho Kho Kho Kho Khooshahi said in a statement. With extensive global use through Uber in more than 200 cities, this next chapter is about scaling together – and giving riders even more ways where they are going without a car owner. ,

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