Public transit rarely gets you the last mile. But with the Lime app, anyone can snag some wheels on the street and be on their way after simply scanning a QR code. Lime, which started in 2017 as a campus bike-share service, is now best known for its dockless electric scooters, which have littered urban sidewalks since 2018—to the ire of some pedestrians. Despite pandemic-related disruptions, the micro-mobility company announced its first profitable quarter last year and launched in dozens of new cities. In 2021, Lime comes full circle: it will invest $50 million in upgrading its fleet and doubling its footprint to 50 cities around the world, while also exploring new target markets in Australia and New Zealand.
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