Lime raises over $500 million, confirms plans to take its electric scooter company public
Lime announced today that it raised $523 million in debt financing, a sign that investors are feeling more optimistic about the long-term survival of shared electric scooters in a post-pandemic world. Lime must be feeling more optimistic, too, because a spokesperson confirmed that the company plans on going public sometime in 2022.
Last September, Insider reported that Lime was hoping to raise up to $200 million in convertible debt from Uber and other previous investors. The scooter company was also reportedly in talks with investment bank Evercore about going public via a reverse merger with a special acquisition company, or SPAC, but Insider says those talks fizzled.
Now, Lime says that its most recent funding round was...