Electric bike and scooter rental company Lime has filed for an initial public offering, positioning several high-profile venture capital firms and strategic investors for a potential liquidity event as the micromobility company continues expanding globally.

The company, formally incorporated as Neutron Holdings, has received backing from major investors including Uber Technologies, Alphabet’s GV, Bain Capital Ventures, Andreessen Horowitz, Fidelity Management & Research Company and GGV Capital. Lime became one of the most closely watched startups in the shared mobility sector during the peak of venture investment in transportation technology.

CEO Wayne Ting has led Lime through a significant transformation period for the micromobility industry, helping the company shift its focus from rapid expansion toward operational discipline, profitability, and sustainable long-term growth. Ting joined Lime in 2018 and became CEO in 2020, overseeing the company during a period marked by industry consolidation, pandemic-related disruptions and changing investor expectations around profitability.

Under Ting’s leadership, Lime streamlined operations, exited underperforming markets and focused heavily on improving fleet utilization and unit economics. The company has increasingly positioned itself as a long-term urban transportation platform centered around electrification, sustainability, and shared mobility infrastructure. Ting has also emphasized partnerships with cities and regulators as Lime works to integrate micromobility more deeply into urban transportation networks globally.

Lime submitted its IPO filing Friday but did not disclose the size or pricing terms of the offering. The company plans to list its common stock on the Nasdaq under the ticker symbol “LIME.”

The IPO filing highlights Lime’s continued revenue growth and expanding user base as the company works to strengthen its position within the evolving urban transportation market. Lime operates app-based electric scooter and bicycle rental services across hundreds of cities globally and has increasingly focused on operational efficiency, profitability and long-term infrastructure partnerships with municipalities.

Uber remains one of Lime’s most prominent strategic investors, reflecting broader efforts across the mobility sector to integrate ride-sharing, micromobility and urban transportation services into more connected transportation ecosystems.

The IPO would provide Lime with additional capital to support fleet investments, technology development, and expansion initiatives as cities continue investing in alternative transportation infrastructure designed to reduce congestion and emissions.

Goldman Sachs and J.P. Morgan are serving as lead book-running managers for the offering, while Jefferies is acting as a book-running manager. Evercore ISI, Citizens Capital Markets, KeyBanc Capital Markets, Needham & Company and William Blair are serving as additional bookrunners.

The offering also underscores renewed investor interest in mobility and technology companies, demonstrating improving financial performance and more sustainable growth models following years of rapid expansion and consolidation within the shared transportation industry.