Neutron Holdings (Lime), which operates an e-scooter and e-bike rental platform across 230 cities globally, raised $174 million by offering 7 million shares (4% secondary) at $25, the midpoint of the $24 to $26 range. Existing shareholder Uber had indicated on $20 million worth of shares in the offering (11.5% of the deal).
Lime states that it is the largest global shared micromobility business. The company provides short-term rentals of e-scooters and e-bikes, operating in approximately 230 cities across 29 countries as of December 31, 2025. It served approximately 19 million riders in 2025, and its market share across both docked and dockless shared micromobility operators was approximately 27% across the countries it operated in, including 37% in the US. In the first quarter of 2026, Lime had 3.1 million monthly active users (+22% y/y).
The San Francisco, CA-based company will trade on the Nasdaq under the symbol LIME. Goldman Sachs, J.P. Morgan, Jefferies, Evercore ISI, Citizens JMP, and KeyBanc Capital Markets acted as joint bookrunners on the deal.
