Following years of indications and groundwork, the Uber-supported electric bike and scooter hire startup Lime has submitted for an initial public offering.

The firm, incorporated as Neutron Holdings Inc., has contemplated the public markets for at least five years. CEO Wayne Ting most recently discussed with TechCrunch in 2023 the potential of an IPO, emphasizing that Lime possessed the economic metrics, growth potential, and profitability needed to take the startup public. The only necessity was favorable market circumstances.

That moment seems to have arrived.

The firm aims to list on Nasdaq under the ticker symbol “LIME.” Lime did not disclose the offering terms, which were submitted Friday to the U.S. Securities and Exchange Commission.

Lime’s IPO submission reveals a company with increasing revenue, yet to achieve profitability. The organization generated $521 million in revenue in 2023, $686.6 million in 2024, and $886.7 million last year.

Its net losses amounted to $122.3 million in 2023, but that figure has shrunk over the past two years. Lime reported net losses of $33.9 million in 2024 and $59.3 million in 2025. Lime also mentioned it had free cash flow in the past three years; its free cash flow was $104 million in 2025, nearly double the previous year’s figure due to an uptick in cash supplied by operating activities.

Founded in 2017, Lime has strong connections to Uber. The ride-hailing and delivery behemoth spearheaded Lime’s $170 million funding round in 2020. As part of that arrangement, Lime acquired Jump, the electric bike and scooter division that Uber purchased in 2018 for approximately $200 million. Following the acquisition, Jump’s branding vanished, and its resources were merged into Lime. In the years following, Lime has formed a closer relationship with Uber. After the acquisition, Jump’s branding vanished, and its resources were merged into Lime. In the years that followed, Lime has developed a closer association with Uber.

The acquisition also accelerated Lime’s growth. The company, which allows users to rent scooters and ebikes via its app, is currently operating in 230 cities across 29 countries.

Lime’s affiliation with Uber has also served as a consistent advantage for the enterprise. Under their exclusive partnership, Lime vehicles are presented as a ride option within the Uber app in nearly all shared markets. A portion of Lime’s revenue — about 14.3% last year — was generated through its collaboration with Uber, as indicated in the SEC document.