If you’re out and about in Downtown St. Louis, chances are you’ve seen folks cycling and scooting around courtesy of Lime, the ride-sharing startup that brought communal bikes, electric bikes and electric scooters to the Gateway City.
We wanted to get to know Lime a little better since it’s new to the city, so we did a bit of research. Here are the most interesting things we learned:
1. Because the Lime’s bikes and scooters are station-less, Lime is a zero-cost addition to all cities, campuses and businesses. Translation: people only pay for Lime if they want to use it.
2. How does Lime make money if its fees are so low? That’s a common question given that the bikes only cost a dollar for 30 minutes of ride time, but the answer is underwhelmingly simple: Lime completes millions of rides across dozens of cities.
3. Lime offers ride-sharing in more than 75 markets worldwide, from Portland to Paris.
4. Six million rides (and counting) all across the globe have been completed using Lime transportation.
5. Earlier this summer, Lime announced its plan to launch “transit pods”: small, electric vehicles that could hold one or two people, sort of like souped-up golf carts. Brad Bao, Lime’s co-founder, said these vehicles could hit 40 miles per hour and drive in normal street traffic. It’s unclear when (or if) these transit pods will come to St. Louis.
6. Lime is the first company to bring bike-sharing to a Native American territory. The Reno-Sparks Indian Colony, located just outside Reno, Nevada, will soon have the opportunity to reduce automobile traffic and boost mobility for its residents.
7. Lime has brought bike-sharing to 19 college and university campuses across the US — no more excuses for these students showing up late to class.
8. Lime has received nearly half a billion dollars in funding to date — that can build a lot of bikes!
9. Perhaps most impressive of all, Lime has accomplished all of this in just over a year after receiving its initial funding in March 2017.