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20VC: Lime's CEO on Going from Losing $3 on Every $1 to $90M in EBITDA | How Lime Built the Global Leader in Micromobility When Competitors Went Bust | Losing 90% of Revenues in COVID and The Uber Deal That Saved the Company with Wayne Ting
Wayne Ting
We've been historically upgrading our fleet more frequently because I think that each upgrade was a big jump in improvements. Only our Gen 4 scooters and bikes, which is what we have in London, was a big improvement over our Gen 3. And it has actually allowed us to have a breakthrough in our P&L.
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