INSUBCONTINENT EXCLUSIVE:
Lime, the well-funded startup known for its fleet of brightly colored dockless bicycles and electric scooters, has a new way for its
within the Lime mobile app
The company plans to unleash additional shareable cars in California early next year
Its scooters and e-bikes, for reference, are $1 to unlock and 15 cents per minute and regular pedal bikes are $1 to unlock and 5 cents per
minute.Founded in 2017 by Berkeley graduates Toby Sun and Brad Bao, the startup has raised a total of $467 million to date from GV,
Andreessen Horowitz, IVP, Section 32, GGV Capital and more
Reports indicate that Lime is on the fundraising circuit now, targeting a $3 billion valuation, or nearly 3x its latest valuation.LimePods
will be available to order in the Lime mobile app.The company is expanding rapidly, most recently releasing a fleet of e-scooters and bikes
in Australia, as well as making notable hires on what seems like a weekly basis
of directors, as its first chief operating officer
financial officer.In July, the company hired Peter Dempster from ReachNow to lead the LimePod initiative out of Seattle.
