Lime bike profits double as rider numbers surge in England

Lime bike profits have more than doubled in England due to a significant surge in riders. This increase in riders is attributed to a 31% jump in the average number of monthly users, who now total around 700,000. The rise in riders has led to a corresponding increase in sales, with sales up by a third. As a result, Lime has added over 4,500 ebikes and scooters to its fleet, bringing the total to almost 38,000.

Why it matters

Lime's growing user base and sales increase could boost investor confidence in the UK's transport sector. This growth may lead to more investment in the industry, creating new opportunities.

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