The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
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
An operator, when they swap the swappable battery, sometimes would have to move the chair up and down an inch or two to get the battery out. Again, that's maybe 20 seconds, 30 seconds. But when you multiply that by millions of times, that becomes real dollars for the real cost to the P&L.
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