Lime has priced its US initial public offering at $25 a share, according to Bloomberg News. That is the midpoint of the $24 to $26 range the company had marketed. The offering raised roughly $174m in total. Neutron Holdings, the corporate entity behind…
The Lime IPO has a price and an anchor investor: Uber, the ride-hailing giant that already owns a chunk of the scooter firm and is now backing its market debut. Lime is going public, and an old backer is helping carry it across the line: Uber. The scoo…
The e-bike industry spent the past two years burying its darlings. VanMoof, the Dutch startup that raised over €200 million, went bankrupt in July 2023. Rad Power Bikes, the Seattle company that raised $330 million and was once valued at $1.65 billion,…
The San Francisco scooter-and-e-bike operator goes public as Neutron Holdings with Goldman Sachs and JPMorgan as joint book-runners. $686m in 2024 revenue and two consecutive years of free cash flow give it a financial profile that the rest of the cate…
The Rad Power brand is expected to live on.
PopWheels realized its battery swapping network could be used for more than food delivery workers who need to charge their e-bikes. Now, its planning for an “aggressive rollout” this summer.