Uber-Backed Lime Files for IPO on Nasdaq Under Ticker LIME

Uber-backed micromobility company Lime has filed for an initial public offering on the Nasdaq under the ticker symbol "LIME," with its parent company Neutron Holdings Inc. submitting an S-1 filing on Friday.

“Skip to main content 10 hours ago - Business E-scooter company Lime files for IPO Dan Primack email (opens in new window) sms (opens in new window) facebook (opens in new window) twitter (opens in new window) linkedin (opens in new window) bluesky (opens in new window) Add Axios as your preferred source to see more of our stories on Google”

Axios

Quartz en Français said Lime reported revenue of 886,7 millions de dollars in 2025, up 29 % from the year before, and that the company’s net loss for 2025 reached 59,3 millions de dollars versus 33,9 millions de dollars the prior year.

Tech Funding News

The Mercury News reported Lime had a net loss of $59.3 million on revenue of $886.7 million in 2025, compared to a net loss of $33.9 million on $686.6 million of revenue a year earlier, according to its filing Friday with the US Securities and Exchange Commission.

Lime’s filing also showed it had 3.8 million monthly active users in 2025, up 21% from the year earlier, while the company planned to list on Nasdaq Global Select Market under the ticker LIME.

Multiple outlets tied Lime’s growth to its relationship with Uber, including the 2020 transaction in which Uber invested 170 millions de dollars and the transfer of Jump to Lime.

Quartz | Western Alternative said the SEC filing showed the Uber channel accounted for 14.3% of Lime's total revenue in 2025, and it described an exclusivity agreement letting riders book Lime vehicles directly inside the Uber app.

TechCrunch

Tech Funding News said Uber currently owns more than 10% of Lime, and it reported Lime’s revenue rose 29% year-on-year in 2025 to $886 million while net losses widened 75% to $59.3 million.

Despite the revenue gains, TechCrunch reported Lime warned investors it has “substantial doubt” that it can continue as a going concern, and it said the company wrote it does not have “sufficient liquidity” to pay debt due within 12 months and by the end of 2026.

The Mercury News said Lime is seeking to list at about a $2 billion valuation, citing the Financial Times, and it noted Goldman Sachs Group Inc. and JPMorgan Chase & Co. are leading the IPO.

“Skip to content Electric bike and scooter rental company The company, formally incorporated as Neutron Holdings , has received backing from major investors including Uber Technologies, Alphabet’s GV, Bain Capital Ventures, Andreessen Horowitz, Fidelity Management & Research Company and GGV Capital”

citybiz

Quartz en Français reported the underwriting syndicate includes Goldman Sachs and JPMorgan and Jefferies, and it said the company’s vehicles are available to rent in about 230 cities across 29 countries.

TechCrunch added that Lime reported around $1 billion in current liabilities in the filing, with about $846 million due 12 months from now and $675.8 million due by the end of 2026, while it reported $261 million in cash on March 31, 2026.

Quartz en Français also said planned uses of the offering proceeds include covering operating costs, the repayment of existing debt, and pursuing acquisitions or investments in complementary technologies or assets, as Lime moves toward a Nasdaq debut.