Close Menu
UTV Drive
  • News
  • Features
  • Industry
  • Opinions
  • Reviews
  • Sports
  • Technology
  • ———–
  • Home
  • Latest Articles
  • About Us
  • Our Team
  • Contact
  • Sitemap
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy
Facebook X (Twitter) Instagram
Facebook X (Twitter)
UTV Drive
Contact
  • About Us
    • Our Team
    • Legal
      • Terms & Conditions
      • Cookie Policy
      • Privacy Policy
  • News

    Pacific Defense Joins US Army’s CMFF Modernisation Effort

    27/03/2025

    InstaVolt Opens UK’s Largest Ultra-Rapid EV Charging Hub

    27/03/2025

    Kaluza joins PG&E pilot to cut EV charging costs in California

    25/03/2025

    GA-ASI Gains EMAR/FR 145 Approval for Component Maintenance

    20/03/2025

    MINI Reserves Spot for Tuchel in Playful German Tactic

    20/03/2025
  • Features

    Altair to Unveil AI Innovations at Hannover Messe 2025

    11/03/2025

    Autel Energy Europe Unveils New Charging Solutions at Summit

    20/02/2025

    Metro Supply Chain Extends Partnership with F1’s Lance Stroll

    18/02/2025

    JETOUR T1 SUV Wins Red Dot Award Ahead of Saudi Launch

    14/02/2025

    XB-1 Marks New Era in Supersonic Flight

    28/01/2025
  • Industry

    When Do You Need to Hire a Motoring Defence Solicitor?

    02/10/2024

    SSO Logistics Expands with £500k Investment, Creating 20 Jobs

    21/09/2024

    GM and Hyundai Explore Strategic Collaboration on Future Vehicles

    13/09/2024

    UK housing market prices rise at fastest pace since late

    03/09/2024

    Westinghouse Receives Approval to Begin UK Assessment for Small Modular Reactor

    24/08/2024
  • Reviews

    James Bond’s Fastest Cars Ranked, Aston Martin Tops List

    12/09/2024

    British Holidaymakers Face Hidden Car Hire Costs Abroad, Study Finds

    05/09/2024

    50% of women say they would not consider working in the motor industry

    08/08/2024

    Lexus LC500: A Vanguard in the Transition to Electric

    17/01/2024

    Renault’s Solarbay: A Tint of Innovation

    17/01/2024
  • Sports

    Ferrari World Abu Dhabi Unveils World’s First Ferrari-Themed Esports Arena

    01/09/2024
  • Technology

    FEXSE Paves the Way for Inclusive Investment Through Blockchain Tokenisation

    14/04/2025

    Longsys Launches Ultra-Compact Memory Chip for AI Wearables

    24/01/2025

    The Future of Video Translation: Trends to Watch

    23/12/2024

    How Is Generative AI Technology Shaping Content Marketing

    05/12/2024

    Aston Martin Elevates Sim Racing with Motion Technology

    19/11/2024
UTV Drive
Home » Latest Articles » Lime Announces Record 2024 Results and Global Expansion
Business

Lime Announces Record 2024 Results and Global Expansion

Sam AllcockBy Sam Allcock23/02/20253 Mins Read
Share
Facebook Twitter Reddit Email LinkedIn WhatsApp Copy Link

Lime, the world’s largest shared electric vehicle company, today reported strong financial and operational results for 2024, underscoring the company’s continued growth and market leadership in the global micromobility sector.

Lime’s unaudited financial highlights for 2024 show impressive growth across key metrics. The company recorded gross bookings of $810 million, a 31% increase compared to 2023, and net revenue of $686 million, reflecting a 32% growth year-over-year. Additionally, Lime posted a 49% increase in adjusted EBITDA, reaching more than $140 million compared to $94 million in 2023. The company’s adjusted EBITDA margin expanded by over 200 basis points, reaching more than 20%. For the second consecutive year, Lime achieved positive free cash flow, signaling the company’s operational and financial strength.

Wayne Ting, CEO of Lime, commented, “2024 was an exceptional year for Lime, with record financial results and continued global leadership. We grew profits faster than revenue, serving over 24 million riders across hundreds of communities worldwide. Our continued expansion into new cities and fleet growth highlights Lime’s position as the leading choice for cities aiming to reduce traffic congestion and meet carbon emission goals. With record demand in 2024, we are just scratching the surface of micromobility’s transformative potential.”

Key Operating Highlights for 2024

  • Lime provided over 200 million rides, up 30% from 2023, averaging more than six rides per second.
  • The company surpassed 750 million lifetime rides, demonstrating its deep market penetration.
  • Lime secured over 90% of competitive permits to operate in top-tier cities.
  • The company expanded into more than 20 new cities globally, including launches in Japan and Greece.
  • Lime’s global fleet grew by nearly 20%, with over 270,000 vehicles now operating worldwide.

In 2024, Lime also bolstered its leadership team with strategic hires, including Chief Legal Officer Susie Giordano, who brings over 30 years of experience in capital markets and governance, and Chief Technology Officer Jon Jenkins, who previously led engineering at Pinterest and Amazon.

Ann Gugino, CFO of Lime, remarked, “In 2024, we invested for growth while simultaneously increasing profitability and positive free cash flow. We are exceeding the ‘rule of 40’ and remain focused on scaling our unit economics. With a strong roadmap and multiple growth opportunities ahead, Lime is well-positioned for continued success in 2025 and beyond.”

Environmental Impact and Sustainability

Lime’s commitment to sustainability remains at the core of its mission. In 2024, Lime riders avoided an estimated 20,000 metric tons of CO2 emissions, saved 2.2 million gallons of gas (8.5 million liters), and replaced more than 43 million car trips with two-wheeled, emissions-free rides. Lime also made significant strides in reducing its own carbon intensity, achieving a 59.5% reduction in carbon emissions from its 2019 baseline, and will release its 2024 carbon inventory later this spring.

As Lime continues to innovate and expand its global presence, the company is positioned for durable growth, transforming the future of urban mobility with affordable, shared, and carbon-free transportation solutions.

For further information, visit Lime’s official website.

2024 announces expansion global lime record results
Previous ArticleIONIQ 5 N Sets Fastest EV Lap at Tsukuba Circuit in Japan
Next Article JK Lifting Invests £150,000 in New Facilities to Support Growth
Sam Allcock
Sam Allcock
  • Website

Related Posts

FEXSE Paves the Way for Inclusive Investment Through Blockchain Tokenisation

14/04/2025By Sam Allcock

SANY launches ST230V skid steer loader for global markets

17/03/2025By Sam Allcock

Bitcoin Casino with Instant Withdrawal: The Ultimate Gambling Experience

12/03/2025By Sam Allcock

Geely Expands to ANZ, Plans Global Growth by 2025

12/03/2025By Sam Allcock

ShipStation Unveils API to Streamline Global Shipping

09/03/2025By Sam Allcock

Bombardier’s Global 7500 Sets 100 Speed Records

03/03/2025By Sam Allcock
Don't Miss

British Freight Services Leading the Road to Net Zero Transport

06/05/2025

FEXSE Paves the Way for Inclusive Investment Through Blockchain Tokenisation

14/04/2025

Pacific Defense Joins US Army’s CMFF Modernisation Effort

27/03/2025

InstaVolt Opens UK’s Largest Ultra-Rapid EV Charging Hub

27/03/2025
Topics
  • Automotive
  • Business
  • Energy
  • Entertainment
  • Entertanmint
  • Features
  • Food & Drink
  • Gaming
  • Health
  • Homes & Interiors
  • Industry
  • Lifestyle
  • News
  • Opinions
  • Real Estate
  • Reviews
  • Sports
  • Technology
  • Travel

Welcome to UTV Drive – the ultimate hub for UK motor enthusiasts. Immerse yourself in the latest updates, thrilling racing adventures, and cutting-edge motor technology.

We’re accepting new writes right now!

FIND OUT MORE
contact@utvdrive.co.uk

pAGES

  • Home
  • Latest Articles
  • About Us
  • Our Team
  • Contact
  • Sitemap
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Editors Picks

Automotive

Top Mistakes Students Make When Financing Their First Car

News

BTCC Achieves Milestone in Sustainable Fuel Trial

News

OMODA Reinforces Importance of Car Showrooms Despite Digital Trends

MINI Reserves Spot for Tuchel in Playful German Tactic

© UTV Drive – utvdrive.co.uk
Facebook X (Twitter)

Type above and press Enter to search. Press Esc to cancel.