Article #85476

The firm’s public listing raised US$167m but analysts have been wondering for years: how does this business stack up?

In April, Lime brought its green ebikes and e-scooters to Canberra. Before it had even arrived, the US micro-mobility firm had spent nearly US$2m.

Lime’s experience in Australia’s sprawling capital is emblematic of a broader problem at the core of a business heavy on capital outlay and light on income.