Article #85523

The firm’s public listing in June gives an insight into a question 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 invested 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.