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
We do in the sense that all of the battery swapping operations is controlled by our software, which we build in-house. Some of our competitors franchise the whole thing and really leave it up to the mom and pops kind of logistics partners to do what they need. But we have great software that dictates how an operator moves around a city, where they go next.
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