The scooter wars might be over, as Lime claims victory
by Andrew J. Hawkins from The Verge - All Posts on (#6ENXZ)
Photo by Omar Havana / Getty Images The shared electric scooter business has gone through a series of ups and downs over the last few years - mostly downs, if we're being honest - but now, one company is ready to claim the mantle of victor.
Lime released a new set of financial figures that it says proves that last year's slim profits were no fluke. The company reported gross bookings of $250 million in the first half of the year, a 45 percent increase over the same period last year. And it's touting an adjusted EBITDA profitability of $27 million - the first time the company has achieved this for the first half of the year and a 45 percent margin increase over last year - and an unadjusted $20.6 million profitability.
To say that Lime is feeling itself would be an...