E-scooter rental platform Lime files for an estimated $250 million IPO
IPO Overview
Neutron Holdings, which operates an e-scooter and e-bike rental platform under the brand Lime across 230 cities globally, filed on Friday with the SEC for an initial public offering that we estimate could raise $250 million.
Lime states that it is the largest global shared micromobility business. The company provides short-term rentals of e-scooters and e-bikes, operating in approximately 230 cities across 29 countries as of December 31, 2025. It served approximately 19 million riders in 2025.
The San Francisco, CA-based company was founded in 2017 and booked $928 million in revenue for the 12 months ended March 31, 2026. It plans to list on the Nasdaq under the symbol LIME. Neutron Holdings （Lime） filed confidentially on October 29, 2025. Goldman Sachs, J.P. Morgan, Jefferies, Evercore ISI, Citizens JMP, and KeyBanc Capital Markets are the joint bookrunners on the deal. No pricing terms were disclosed.
About the Company
Lime is the largest global shared micromobility business. We are on a mission to build a future where transportation is shared, affordable, and carbon-free. Lime provides convenient and reliable short-term rentals of e-scooters and e-bikes at an affordable price. As of December 31, 2025, we operated in approximately 230 cities across 29 countries. In 2025, we delivered a seamless rider experience to approximately 19 million riders. Our market leadership and scale have made Lime a widely recognized brand — valued by riders for our availability and trusted by cities for our operating track record. This leadership and scale have also yielded favorable unit economics, enabling us to continue investing in our growth. Lime has revolutionized the shared micromobility industry through our vertically integrated platform, which combines our proprietary hardware and software, data, tech-enabled operations, and government relations expertise. Our vertical integration allows us to maintain control of key aspects of our service and is designed to accelerate rider adoption, boost usage frequency, facilitate regulatory compliance, and optimize cost efficiency — fueling sustainable growth while solidifying trusted partnerships with cities and positioning us as a leader in the shared micromobility industry.