Lime’s CEO on the future of scooters: ‘COVID has turned from a headwind into a tailwind’

Photo by Jens Kalaene/picture alliance via Getty Images Like most shared scooter companies, Lime was hit hard by the coronavirus pandemic. “We saw a 95 percent drop in ridership,” Lime CEO Wayne Ting says in an interview. “We’re a mobility company. And one of the things with mobility companies, when communities shut down, riders shut down.” But while the world still remains in the grip of COVID-19, Lime’s scooter business has begun to rebound. In May, the company made a crucial investment deal with Uber for $170 million to take over the ride-hailing company’s bike and scooter business Jump. That deal also saw Ting, then Lime’s global operations head (and former chief of staff to Uber CEO Dara Khosrowshahi), replace Brad Bao as CEO. Now, Ting says that Lime’s riders are coming back; the... Continue reading…

Lime’s CEO on the future of scooters: ‘COVID has turned from a headwind into a tailwind’
E-scooters in Berlin Photo by Jens Kalaene/picture alliance via Getty Images

Like most shared scooter companies, Lime was hit hard by the coronavirus pandemic.

“We saw a 95 percent drop in ridership,” Lime CEO Wayne Ting says in an interview. “We’re a mobility company. And one of the things with mobility companies, when communities shut down, riders shut down.”

But while the world still remains in the grip of COVID-19, Lime’s scooter business has begun to rebound. In May, the company made a crucial investment deal with Uber for $170 million to take over the ride-hailing company’s bike and scooter business Jump. That deal also saw Ting, then Lime’s global operations head (and former chief of staff to Uber CEO Dara Khosrowshahi), replace Brad Bao as CEO.

Now, Ting says that Lime’s riders are coming back; the...

Continue reading…