Lime says it is going to spend $50 million on an enormous e-bike enlargement

Lime is getting again to its roots. The scooter firm previously often called LimeBike says it is going to make investments $50 million to develop its shared electrical bicycle community, together with including a brand new mannequin of motorcycle and doubling the variety of cities wherein it operates.

Lime bought its begin with shared bikes, solely to rapidly pivot after Fowl first launched the idea of dockless electrical scooters in 2017. The corporate dropped the “bike” from its identify and began phasing out its bikes in 2019. However the next 12 months, Lime acquired bike-share firm Soar from Uber, and immediately, bikes had been again on the menu.

Now, the corporate is doubling down on shared electrical bikes, with plans to launch in “a dozen” new cities in North…

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