Urban mobility company Lime said on Friday it had raised $523 million from investors to scale up production of its latest e-scooters and e-bikes and its top executive said the startup is aiming for a stock market listing in 2022.
The San Francisco-based company said the money it had raised from convertible debt and term loan financing included fresh capital from ride-hailing company Uber, which became an investor in 2020. The funding round was “significantly oversubscribed,” Lime Chief Executive Officer Wayne Ting told Reuters.
