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Scooter-Share Company Lime has 6 million first year rides



The bicycle and scooter company Lime saw 6 million rides in the first year, the Verge reported. Founded last June in Greensboro, North Carolina, Lime expanded to over 70 cities last year.

Lime announced earlier this month to receive $ 335 million from Uber and Alphabet, Inc. As part of the partnership with Uber, the company is working to harness the electric scooters via the ride-on app.

According to the National Association of Municipal Transportation Officers, the number of bicycles sold by bicycle companies has doubled to 100,000 over the past year, with 44% of them being dockless bicycles that can be unlocked for use with a smartphone app.

The dockless bike option for transportation is a cheaper way to move. According to Lime, bike sharing costs 80% less than a car, and coupled with public transport, is an efficient way to get around a city. But in some places it has caused problems.

In San Francisco, for example, the Verge reported that some electric scooters were often left in the middle of the sidewalk and even in the bay itself . But while they were used in this city, Lime recorded 300,000 scooter rides, according to TechCrunch.

Lime's partnership with Uber has also encouraged competitor Lyft to pursue similar ventures. The company says it invests in local non-profit organizations to provide more transportation options for low-income areas, Travelers Today reported.


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