PingWest reported on February 12 that the United States shared cycling company LimeBike will launch a shared electric scooter code-named "Lime-S" after the launch of the shared electric bicycle codenamed "Lime-E". According to TechCrunch, the scooter needs $1 to be unlocked and then charged in U.S. dollars every 10 minutes for the same price as the "Lime-E" electric bike. Once charged, the Lime-S can reach 14.8 miles per hour with a maximum range of 37 miles. It is wished that these electric scooter wheels are durable, safe, and easy to use.
LimeBike has not announced which city will first get a share scooter but said it is in talks with some cities. Toby Sun, chief executive of LimeBike, said the pattern mobility solution helps meet the needs of the first and last mile transport challenges and increases competitiveness in the highly competitive, market-sharing cycling market. Last December, LimeBike expanded to Europe, investing 500 bicycles in Frankfurt, Germany, Zurich, and Switzerland. LimeBike deployed a total of 30,000 bicycles. So far, a total of 1 million LimeBikes have been taken on 33 markets.
LimeBike has raised more than $60 million with backing from companies such as Andreessen Horowitz, Coatue, and GGV. LimeBike recently completed its B+ round of financing, raising as much as $70 million in financing this round. In the past year, LimeBike Corporation has completed a total of up to 132 million US dollars of financing, which is the highest-funded cycling brand in addition to the Chinese market, the value of 225 million US dollars. LimeBike this round received the major investment from the Fifth Wall Venture, the largest real estate fund in the United States, previous investors, like NGP, also continue to invest additional.
So far, LimeBike has been launched in 45 cities in the United States, delivering a total of more than 10,000 units of bicycles, the future LimeBike will use this round of financing to continue to open up the market. Its rival Spin had previously introduced a shared electric scooter at a price of $1 to unlock and then 15 cents for a minute, compared to that, the Lime-S's price has a slight price advantage.
