Featured Industry News Press •

Lime becomes the first shared electric vehicle company to achieve a full profitable year

After a year of record rides and revenue, Lime continues to lead the micromobility industry in helping cities deliver greener transportation for their people.

Today, Lime’s CEO Wayne Ting proudly announced a new record for our company: Lime is the first micromobility company to post a full profitable year.

Indeed, 2022 was a remarkable year for our six-year-old company. Lime delivered a record $466 million in gross bookings, a 33% increase from 2021, and hit an Adjusted EBITDA¹ of $15 million. We were also profitable on an unadjusted EBITDA basis. "It's encouraging as we work to decarbonize transportation to see more than 20 percent year-over-year growth in gross bookings every quarter last year," said Wayne.

Financial highlights for 2022 include:

  • $466 million in gross bookings – a 33% increase from 2021
  • 2022 Adjusted EBITDA of $15 million
  • 20% YoY growth in gross bookings every quarter
  • 120 million trips (that’s 4 rides every second in 2022)
  • 1.5 million new riders (bringing us to 4 million active riders for the first time)
  • 35 markets that doubled trips (vs. 2021)
  • 90% win rate of competitive permits

With this latest achievement, we’re poised to extend our mission further in 2023. We currently serve 250+ cities worldwide and are committed to investing in communities by hiring locally, giving back, and helping more people reduce their carbon footprint through affordable and accessible transportation.

To learn more, download the official press release here and the press kit here. For inquiries, email [email protected].


¹ Adjusted EBITDA represents EBITDA excluding certain items, such as stock-based compensation and non-recurring restructuring and settlement costs

Download the App