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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

1493.912 - 1517.271 Harry Stebbings

Wow. So I can now, as a battery replacer, go around, replace the batteries where they are on a bike and roll and do two, three, 400 in a go. Absolutely. Yes. Wow. How did that change your economics? Because that was the, so respectfully, I would see people pick up bikes at the end of the day and I'd be like, oh, this business, it's just hard. It's really hard. It's really hard. Yeah.

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