How to Build a Profitable Company in Shared Micromobility w/ Lime President Joe Kraus

Subscribe

- Lime grew by 26% in the past year and increased profitability by 6.6 times.

- Retiring the risk of shared micromobility being just a subsidy from investors was crucial.

- Lime focused on being the lowest cost provider of high-quality service.

- Understanding the low margin, high volume nature of the transportation business was key.

- Lime aims to continue diversifying globally, with a focus on Europe and North America.

- Geographic expansions are evaluated based on market conditions and profitability.

- Lime remains disciplined in choosing expansion locations and constantly reevaluates markets.

Sign up for free for the Micromobility Newsletter - the world’s largest newsletter about small vehicles - and receive best-in-class insights, analysis, and commentary. Trusted by over 60,000 riders, insiders, builders and enthusiasts.

Go Pro

Become a Pro member to gain access to this content plus the entire Micromobility Pro archive.