Key facts
- Lime plans to name Uber as an anchor investor in its IPO.
- The company aims to raise $200 million at a $1.8 billion valuation.
- Uber is Lime's largest shareholder with a 24% stake.
- Uber is considering purchasing up to $20 million in additional Lime stock.
- Approximately 14% of Lime's 2025 revenue came from trips booked via Uber's app.
Lime is preparing for its initial public offering, with plans to designate Uber as an anchor investor. The scooter rental company aims to raise approximately $200 million at a valuation of $1.8 billion. Uber, which is Lime's largest shareholder with a 24% stake, is also reportedly interested in purchasing up to $20 million in additional Lime common stock as part of the IPO.
Uber's investment in Lime dates back to its early fundraising rounds, including leading a $170 million round in May 2020. The partnership has been mutually beneficial, with trips booked through Uber's app accounting for about 14% of Lime's revenue in 2025. This integration allows Lime to tap into Uber's existing rider network, driving awareness without significant upfront marketing costs. Lime's CEO, Wayne Ting, previously worked as chief of staff to Uber CEO Dara Khosrowshahi.
The relationship between the two companies could serve as a model for Uber's broader strategy, which includes partnerships with self-driving car providers. Uber's CEO has expressed belief in the aggregator model's potential to help such companies succeed.