Lime, the Uber-backed micromobility company, is filing to go public

After years of hints and preparations, Uber-backed electric bike and scooter rental startup Lime has filed for an IPO.

The company, incorporated as Neutron Holdings, Inc., is eyeing the public markets for at least five years. CEO Wayne Ting last spoke to TechCrunch in 2023 about a potential IPO, noting at the time that Lime had the economics, growth, and profitability to take the startup public. All that is needed is the right market conditions.

It seems that day has arrived.

The company intends to list on the Nasdaq under the ticker symbol “LIME.” Lime did not share the terms of the offer, which was filed Friday with the U.S. Securities and Exchange Commission.

Lime’s IPO filing shows a company with growing revenues, but not yet profitability. The company achieved revenues of $521 million in 2023, $686.6 million in 2024, and $886.7 million last year.

Its net loss reached $122.3 million in 2023, but this item has shrunk over the past two years. Lime reported net losses of $33.9 million in 2024 and $59.3 million in 2025. Lime also said it had free cash flow over the past three years; Its free cash flow was $104 million in 2025, nearly double the previous year due to increased cash provided by operating activities.

However, the company has a significant amount of debt. Lime reported current liabilities of about $1 billion in its filing. Nearly $846 million of that amount is due 12 months from now. About $675.8 million is due by the end of 2026. The company wrote that it does not have “sufficient liquidity” to pay that. (Lime reported having $261 million in cash on March 31, 2026.) As a result, the company warned investors that it had “substantial doubt” about its ability to continue as a going concern, and that it needed to go public to raise money to pay off that debt — or find other sources of financing.

Lime, founded in 2017, has close ties to Uber. The ride-hailing and delivery giant led Lime’s $170 million funding round in 2020. As part of that deal, Lime acquired Jump, the electric bike and scooter division that Uber bought back in 2018 for roughly $200 million. After the acquisition, the Jump name disappeared and its assets were absorbed by Lime. In the years since, Lime has integrated more closely with Uber.

The acquisition also drove Lime’s expansion. The company, which allows users to rent scooters and e-bikes through its app, is now present in 230 cities and 29 countries.

Lime’s relationship with Uber has also been a steady tailwind for business. Under its exclusive relationship, Lime vehicles appear as a delivery option within the Uber app in nearly all of its participating markets. A significant portion of Lime’s revenue — about 14.3% last year — came through its partnership with Uber, the SEC document shows.