Electric Scooter Rental Startup Lime Officially Files for IPO

Lime, a US-based technology startup specialising in electric scooter and bicycle rentals, has officially filed for an initial public offering (IPO). Lime’s parent company, Neutron Holdings Inc., submitted the IPO application to the US Securities and Exchange Commission (SEC) on Friday (8 May 2026), planning to list its shares on the Nasdaq exchange under the ticker “LIME”. This step represents a key milestone for Lime, which has long indicated its desire to become a public company. As quoted by KompasTekno from TechCrunch on Monday (11 May 2026), one of Lime’s strengths for the IPO is its partnership with Uber, the ride-hailing service company. Uber has invested in Lime for several years and continues to play an important role for the company. Approximately 14.3 per cent of Lime’s revenue comes from its partnership with Uber. This is because Uber users can search for, locate, and rent Lime electric scooters or bicycles directly through the Uber app. The integration offered gives Lime access to millions of active Uber users without the need to rebuild its user base from scratch. Meanwhile, in terms of both financial and operational aspects, Lime’s business scale can be described as massive and experiencing significant growth. Converted to the rupiah exchange rate, the profit achieved by Lime throughout the 2025 fiscal year reached Rp 15.4 trillion. Its revenue growth was also recorded at 29.1 per cent year-on-year. Operationally, Lime has successfully operated in 230 cities across 29 different countries. In the IPO document, Lime also revealed that its services exceeded one billion trips throughout 2025. Nevertheless, behind the positive revenue growth, Lime has been found not yet to have recorded a profit. Lime still reported a substantial net loss of around $59.3 million (Rp 1.03 trillion) throughout 2025, with an additional loss of $61.3 million for the first quarter of 2026 (Rp 1.06 trillion). Lime openly stated in the SEC document that there will be a series of risk factors for prospective investors who will invest in the company, including its “history of net losses” and the potential for not achieving profitability in the future.