Uber-Backed Lime Files for $2 Billion IPO Valuation in U.S.

Uber-backed electric bike and scooter rental startup Lime filed for a U.S. initial public offering, with the Financial Times reporting it is seeking a $2bn IPO valuation.

PYMNTS, citing the Financial Times, said Lime hoped to list at a valuation of around $2 billion, up from the $500 million valuation reached in 2020 when Uber purchased its stake in Lime.

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In its filing, Lime reported a 29% increase in revenue in 2025 to $886 million, while losses climbed 75% to $59.3 million during the same period, according to PYMNTS.

NewsBytes, citing Reuters, said Lime generated $886.7 million in revenue in 2025, marking a 29.1% increase compared to the previous year, and reported positive free cash flow for the third consecutive year.

TechCrunch said Lime does not have sufficient liquidity to pay about $846 million due within 12 months, and warned that if it can’t go public and raise the necessary capital, or change its debt agreements, it may not be able to continue operating as a business.

Lime’s IPO filing flagged safety concerns, warning that "The perception that our offerings are unsafe could harm our reputation" and make it less likely riders would use its platform, according to PYMNTS.

PYMNTS added that in the United Kingdom Lime is subject to claims that its vehicles increase the risk of leg injuries, and said Lime has said it prioritizes safety and maintenance and that 99.9% of its trips happen without incident.

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NewsBytes said Lime did not disclose the valuation or offering size in its IPO filing, even as it reported $886.7 million in revenue in 2025 and a 29.1% increase from the prior year.

TechCrunch described Lime’s financial trajectory as revenue climbing and net losses narrowing after 2023, while noting a slight uptick between 2024 and 2025.

TechCrunch also highlighted that Lime has about $1 billion in current liabilities and about $675.8 million due by the end of 2026, framing the company’s liquidity constraints as a central headwind to the IPO gamble.

Lime plans to list on Nasdaq under the ticker "LIME," with Goldman Sachs, JPMorgan, and Jefferies serving as underwriters, according to Crypto Briefing.

Pluang said Lime filed for a U.S. IPO with a 29.1% revenue increase to $886.7 million in fiscal year 2025, and said the company plans to list on Nasdaq under the ticker "LIME" with Goldman Sachs and JPMorgan underwriting the offering.

Crypto Briefing said Lime officially known as Neutron Holdings Inc. filed for a U.S. initial public offering on May 8, 2026, and said Lime wants to use the proceeds to repay all of its outstanding debt and fund ongoing operations.

TechCrunch reported that Lime said about 14.3% of its revenue came through its partnership with Uber, which allows customers to find and rent scooters and e-bikes through its app.

Transport Topics said Lime was founded in 2017 and offers short-term electric bike and scooter rentals in more than 230 cities, and said it first floated IPO plans back in 2021.