Lime Launches Industry Leading E-Bikes in St. Pete

Lime launched a fleet of its industry leading Gen4 e-bikes in St. Pete today, bringing bike share back to the city and growing its presence in Florida. Lime looks forward to working with the city and its elected officials as well as partners in the community to build the best possible bikeshare program for the city. Riders in St. Pete will be able to access the e-bikes via the Lime app and in the Uber app thanks to Lime’s micromobility integration with Uber, making riding green easy and convenient for all.

“Lime is thrilled to bring bikeshare back to St. Pete and encourages everyone to ride green on our smooth and safe Gen4 e-bikes. Our e-bikes provide a safe, affordable, and sustainable way to get to work, class, or to support a small business in the city, which is how micromobility boosts local economies. We look forward to working with the city and our local partners to build a successful bikeshare program that benefits all of St. Pete,” said Trisha Botty, Senior Manager of Government Relations at Lime.

Building a Sustainable Business

Lime recently became the first micromobility company to post a full profitable year. Lime achieved its best year ever, with a record $466 million in gross bookings in 2022, a 33% increase from 2021, and hit Adjusted EBITDA of $15 million. Lime was also profitable on an unadjusted EBITDA basis. Lime provides shared e-bikes and e-scooters in more than 250 cities in nearly 30 countries as it continues its mission to decarbonize transportation globally and serve as an alternative for the car. Lime’s success is due to its focus on being the best partner to cities, working collaboratively to build successful micromobility programs tailored to fit each city’s unique needs. This financial success allows Lime to invest in its services to cities and build programs that will last; that are stable and reliable for cities and riders.

Hardware

The Gen4 e-bikes will provide riders with the smoothest and most environmentally friendly e-bike ride in Lime’s history. The most significant advancement is the swappable, interchangeable battery, which significantly enhances the efficiency and sustainability of our operations and improves vehicle availability for riders. Other highlights include:

  • Increased motor power to help riders easily climb hills;

  • A phone holder, allowing riders to easily navigate and follow directions without having to stop and look at their phones;

  • A new handlebar display mirroring the one on Lime’s scooters for a standardized display across vehicle types;

  • An automatic two-speed transmission that eliminates the prior generation’s gears for easier acceleration and smoother ride;

  • A modular design, extending the usable life to five years.

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