How do Lime’s ebikes make money? Finances reveal the juice isn’t worth the squeeze, at least not yet

The firm’s share market debut raised US$167m but analysts have been wondering for years: how does this business stack up?In April, Lime brought its green ebikes and e-scooters to Canberra. Before it had even arrived, the US micro-mobility firm had spent nearly US$2m.Lime’s experience in Australia’s sprawling capital is emblematic of a broader problem at the core of a business heavy on capital outlay and light on income. Continue reading...