Lime renews a multiyear agreement with Uber, allowing Lime's bikes and scooters to continue appearing on Uber's ride-hail app in markets they overlap.
Uber and Lime first collaborated in 2018 during the scooter boom, and Uber currently holds a 29 percent stake in Lime after investing $170 million in the company during the pandemic.
Lime sets sights on expanding into new markets like Mexico, launched in Barcelona, and scaling up its latest vehicles, the LimeBike and pedal-less LimeGlider, with plans to deploy over 15,000 vehicles globally by 2025.
Lime hits a daily ridership record, surpassing 1 million rides in a day and exceeding 10 billion minutes of usage across more than 800 million individual trips since its inception in 2017.