Lime, a leading provider of electric bikes and scooters, has filed for an initial public offering (IPO) in the United States, with the backing of key investors including Uber. The move comes as the global demand for electric two-wheelers continues to soar, driven by growing concerns over urban air pollution and climate change.
According to a report by Bloomberg, Lime's IPO is expected to take place this year, although the exact date has not been confirmed. The filing marks a significant milestone for the company, which has become a household name in the UK and other major cities worldwide.
Lime's e-bikes and scooters have become a familiar sight on UK streets, particularly in London, where they are widely used by commuters. The rise of electric two-wheelers has transformed the urban transport landscape, providing a more sustainable and convenient alternative to traditional modes of transport.
The IPO is expected to value Lime at around $2.4 billion (£1.9 billion), based on the company's current valuation. This will make it one of the largest US listings of the year, and a significant milestone for the UK's growing electric vehicle sector.
Analysts say that the IPO is a vote of confidence in the UK's electric vehicle market, which is expected to continue growing in the coming years. 'The demand for electric bikes and scooters is soaring, and Lime is well-positioned to capitalise on this trend,' said one analyst. 'The IPO will provide the company with the funding it needs to expand its operations and invest in new technologies.'