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
Lime had been around for just over a year. And I think it was probably at the time, 100 plus markets. 100 plus markets. It was just bikes, just scooters. What was it? So Lime had started as an e-bike business. And then sometime in, I think, early 2018, it made a transition to go hard into scooters. So it was, at that point, majority scooters. And it had just made a decision to go global.
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