Lime has announced a $50 million investment in new e-bike hardware to launch its latest generation e-bike and double the number of cities globally where it provides shared e-bike services. Most of this investment will be focused in Europe where Lime plans to bring its shared e-bike to new cities, particularly in France, Germany, UK, Italy and Spain.
The upgrade includes the e-bike’s swappable battery, which is interchangeable with Lime’s Gen4 scooter. The interoperability of the battery allows Lime to streamline operations across more markets, reducing the frequency of charging and rebalancing vehicles.
The $50 million investment in hardware upgrades and expansion is a result of Lime achieving its first full quarter of profitability in 2020.
Ghassan Haddad, Head of European Affairs for Lime, says: “As we build out the Lime platform to serve any urban trip, e-bikes are a key piece of the puzzle as a perfect option for medium-length trips. It’s why based on the feedback we heard from cities, we’re making substantial investments to upgrade our world-class e-bike and bring it to more European metropolis, providing riders a new and exciting way to leave their cars behind. Shared micro mobility is playing an essential role in getting cities moving again safely so we see this as a critical moment to double down on e-bikes as an open-air, socially-distanced transportation option.”
Lime serves more than 60 cities including Paris, Berlin, London, Rome and Budapest