×
Post New Topic

Lime raises another $310 million, bringing its valuation to $2.4 billion

{{ ratingSum }}
DonutDrivers
239 Driver Driver
 Posted 5 months ago

Get notified when new content is added to this thread.

Unfollow this Post

$300M business for a scooter rental company that rents them out for $1 each!

This isn't even gig economy. It's a bicycle rental. Where's the disruption? Where's the technology break through?

Will people really change their ways that this will be a huge hit?

"Confirming rumors that have been swirling for some time, on-demand electric scooter and bike startup Lime today announced that it has closed a $310 million series D financing round led by Andreessen Horowitz, Bain Capital Ventures, Fidelity Investments, GV, and IVP.  It values the company at a whopping $2.4 billion — double the previous valuation of $1.1 billion."

https://venturebeat.com/2019/02/06/lime-closes-310-million-series-d-valuing-the-company-at-2-4-billion/

Comments

    {{ ratingSum }}
    FuegoJuno
    119
     4 months ago

    The days of the unicorns are back! So much cash, especially considering people are throwing at a bunch of scooters!

    Show Hide  1 Reply
      {{ ratingSum }}
      bBerman81
      267 Rider
       4 months ago

      These are automated scooters and can really help short distance travels and commutes. I feel like this is a segment no one else has covered before. You wouldn't take an Uber four blocks away but you would a Scooter.  Sure you can walk it but you'd also pay $1 to make it easier.

      I am actually a fan.

    {{ ratingSum }}
    GrearORD
    14
     5 months ago

    I do have to say that this business model is a pretty easy to copy, and also not that expensive to enter. I already see a mud fight in the near future.

    You say just a bunch of bicycles but they offer powered scooters that are pretty darn convenient.

    Show Hide  2 Replies
      {{ ratingSum }}
      RedANT
      1034 Rider Driver
       4 months ago

      The value of that scooter company is $2.4 BILLION.    ($2,400,000,000.00)  

      Do you really think that a handful of bicycles and scooters is worth that amount of cash?  

        {{ ratingSum }}
        jeremyDG
        1
         4 months ago

        LOL I always feel like these company valuations are insanely high.

    {{ ratingSum }}
    Poutage
    7
     5 months ago

    It's just another company that can be shut down with one decision from the city/town. Too risky.