Scooter rental startup Lime hires Morgan Stanley banker as CFO to lead fundraising efforts

Scooter rental startup Lime hires Morgan Stanley banker as CFO to lead fundraising efforts

A rider checks the status of a LimeBike scooter in San Francisco. Photographer: David Paul Morris/Bloomberg

In dozens of cities around the world, you seemingly can’t walk a couple blocks without stumbling over an electric scooter. Startups are looking to cover sidewalks with two-wheeled vehicles for rent using an app. This prospect, it turns out, is very expensive.

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