• Home
  • News
  • Coins2Day 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
lime

Scooter-Share Company Lime Handled 6 Million Rides in its 1st Year

By
Erin Corbett
Erin Corbett
Down Arrow Button Icon
By
Erin Corbett
Erin Corbett
Down Arrow Button Icon
July 23, 2018, 1:11 PM ET

The bike and scooter-share company, Lime, saw 6 million rides in its first year, the Verge reported. Lime launched last June in Greensboro, N.C., and in the last year has expanded to over 70 cities.

Lime announced earlier this month that it would receive $335 million in investments from Uber and Alphabet, Inc. As part of the partnership with Uber, the company is working to make the electric scooters available for use through the ride-sharing app.

According to the National Association of City Transportation Officials, in the last year, the number of bikes from bike share companies doubled to 100,000, with 44% of them being dockless bikes that can be unlocked for use with a smartphone app.

The dockless bike option for transportation is a cheaper way to get around. According to Lime, bike-sharing costs 80% less than owning a car, and paired with public transportation, is an efficient way to get around in a city. But it’s also caused problems in some places.

In San Francisco, for example, the Verge reported that some electric scooters were often left in the middle of the sidewalk, and even in the Bay itself. However, while they were in use in that city, Lime recorded 300,000 scooter rides, according to TechCrunch.

Lime’s partnership with Uber has also prompted ride-share competitor, Lyft, to pursue similar ventures. The company says it is investing in local nonprofits to provide more transportation options to low-income areas, Travelers Today reported.

About the Author
By Erin Corbett
See full bioRight Arrow Button Icon
Rankings
  • 100 Best Companies
  • Coins2Day 500
  • Global 500
  • Coins2Day 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Coins2Day Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Coins2Day Brand Studio
  • Coins2Day Analytics
  • Coins2Day Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Coins2Day
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Coins2Day Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Coins2Day Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.