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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
But now with swappable batteries, you can come in with a cargo bike and you can have hundreds of battery packs just in that cargo bike, and you can swap all the bikes and scooters in a region. And because they share the same battery packs, it now increases the density of the work, which then improves productivity and then drives down the cost per swap.
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