Key facts
- Lime has joined the UK's government-backed cycle-to-work scheme through a partnership with CycleSaver.
- Employees can save between 28% and 47% on monthly minute bundles for Lime e-bikes.
- The savings are achieved through the tax benefits of salary sacrifice.
- A 30-minute Lime e-bike ride could cost as little as £1.30.
- Two monthly subscription bundles are offered: 500 minutes and 1000 minutes.
- The benefit is available for e-bike services in London, Nottingham, and Milton Keynes.
Lime, the world's largest provider of shared electric bikes and scooters, has joined the UK's government-backed cycle-to-work scheme through a partnership with specialist provider CycleSaver. This initiative allows employees to benefit from significant savings on monthly minute bundles for Lime's e-bike services, with potential discounts ranging from 28% to 47% through the tax advantages of salary sacrifice. Consequently, a 30-minute ride on a Lime e-bike could cost as little as £1.30.
Two flexible monthly subscription bundles are currently available via CycleSaver: one offering 500 minutes per month and another offering 1000 minutes per month. These benefits are exclusively for Lime's e-bike services and are accessible in London, Nottingham, and Milton Keynes. The partnership aims to capitalize on the growing trend of cycling in UK cities, with London seeing an estimated 1.26 million daily cycle journeys last year. In May 2024, 52% of Lime trips in London occurred during peak commute hours.
Hal Stevenson, Director of Policy for Lime UKI, highlighted the increased affordability for commuters and expressed hope that companies and employees participating in the cycle-to-work scheme will utilize this offering. Dino Bertolis, CEO of CycleSaver, noted that the scheme specifically caters to individuals using bike-sharing services like Lime, suggesting that the offered savings will attract more regular users. CycleSaver's scheme allows employees to purchase a bike subscription, with costs deducted from their pre-tax salary. Companies not yet signed up with CycleSaver will need to do so to enable their employees to access the benefit, with companies themselves benefiting from reduced employer National Insurance Tax.