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

2642.49 - 2667.363 Wayne Ting

First, you're absolutely right. We haven't done much M&A. We've done two M&A deals. One is to buy Jump from Uber. And I think that was an incredible deal. It came with a lot of cost because it was a down round for our prior investors. What it allowed us to do was to really deeply integrate with Uber and become the micro-mobility provider on the Uber platform. And that was critical.