Lime is doubling down on cities where it already operates. It's about creating more loyal riders, its CEO says

Aug 05, 2026 03:22 AM - 1 hour ago 2

A man rides a Lime scooter arsenic a female adjacent to him rides a Lime bicycle.

Expect to spot moreover much Lime scooters and bikes zooming astir awesome US cities.

Wayne Ting, Lime's CEO, told Business Insider connected Tuesday that the institution is focused connected getting much of its vehicles connected the roads wherever it already operates alternatively than making a large push to grow to much cities.

Ting made the comments connected the aforesaid time that Lime reported quarterly net results for the first time. Revenue grew 24% to $304 cardinal for the 2nd quarter, and the institution posted nett income of $295 million, including the benefits of its IPO successful July.

Shares of Lime roseate astir 2% successful after-hours trading.

Getting riders to usage Lime much often will beryllium cardinal to making the institution consistently profitable, Ting said.

Lime operates successful astir 60 US cities. By adding much vehicles to its existing fleets, Ting said, Lime makes it easier for users to find a thrust adjacent them.

That's peculiarly important arsenic Lime grows its paid subscription options, specified arsenic LimePass, which offers a discount connected the company's accustomed per-minute complaint if riders bargain up of time.

"You're going to proceed to spot america put successful our existing markets to turn reliability," he said. "And, by increasing reliability, we tin besides prosecute our riders much frequently."

Lime's monthly progressive users grew 22% during its 2nd quarter, topping 5 cardinal for the first time.

Ting said that Lime is "an AI-resilient business," because it sells real-world rides connected scooters and bikes. "There's nary magnitude of vibe-coding that is going to get you beingness transportation," he said.

Even so, Lime is utilizing AI successful its operations, he said.

The institution uses a machine-learning algorithm to find wherever to position scooters and bikes successful each metropolis based connected demand, Ting said. The tech allows the institution to "optimize gross aliases profits," he added.

There's besides a use for riders, Ting said: They're much apt to find a scooter aliases motorcycle adjacent erstwhile they request one.

"Reliability is some the number of bikes and scooters you have, but it's besides making judge they're astatine the correct spot astatine the correct time," he said.

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Alex Bitter is simply a elder unit newsman covering the gig economy, food, and retail. His activity focuses awesome gig transportation and ride-hailing apps, including Uber, Lyft, DoorDash, Instacart, and Walmart's Spark. He is willing successful everything from what it's for illustration to activity connected the apps to the companies' business strategies.Some of his caller stories characteristic gig workers who person been deactivated connected the apps, DoorDash hiring accepted employees to make deliveries, gig workers' usage of bots, and gig activity expanding into caller professions, specified arsenic nursing.Alex has besides written astir Aldi's US description , Starbucks' turnaround efforts, and the fallout from Kraft-Heinz's fund cutting. Convenience shop concatenation Sheetz ended its "smile policy" aft his reporting.Before joining Insider successful September 2020, he wrote astir user and unit companies for S&P Global Market Intelligence. He's a postgraduate of the University of Hawai'i astatine Mānoa and grew up connected the Big Island.Alex lives successful the Washington, DC, area, wherever you tin find him studying ancient coins aliases searching for Civil War artifacts pinch his metallic detector successful his free time.Got a tip? Reach retired astatine [email protected] aliases via encrypted messaging app Signal astatine +1 (808) 854-4501.