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
You're going to want us to pay you for all of that time and effort versus swapping a battery that takes 15 seconds, 20 seconds. Do you pay them on battery swapped or on time? We work with logistic partners in the cities we're in, and they have employees as part of their small mom and pop business. And we pay the logistics partners on a per swap basis.
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