The Ledger, every show
Every statement that passed quotation and attribution checks, across all 44 shows. Pick shows below, then mix any filter with any other.
shows 
every show 44 of 44
Lime Is the Only Micromobility Company Building Proprietary Hardware
“I think every other operator in our industry buys off the shelf hardware, but every scooter and bike you see On Lyme's platform, we design, we engineer, we produce, and we operate ourselves.”
Increasing Lime's Fleet Supply Counterintuitively Boosts Per-Unit Utilization
“This is why when we increase our fleet in a market, we actually see our trips per vehicle per day go up. Our utilization goes up. It's counterintuitive. When you grow your supply in most businesses, the utilization per unit goes down because the demand usually…”
Lime Has Not Yet Hit a Demand Limit for Incremental Supply Growth
“Intellectually, I assume there's an asymptote. So far in markets we see Incremental supply drives more demand for the entire network.”
Lime Lost $3 for Every $1 of Revenue When Wayne Ting Joined
“When I first streamed Line, we were losing three dollars for every dollar of revenue.”
Lime's Early Scooter Fleet Suffered a 3% Daily Decay Rate
“The daily decay rate was three percent. So in the course of 30 days, your entire fleet was gone.”
Lime Hit $600M Gross Bookings and $90M EBITDA in 2023
“Last year, we did over six hundred million dollars in gross bookings. Our four-year top line CAGR is 30%. In each of those four years, we expanded our profit margins. And last year we did over ninety million dollars in company-wide EBITDA.”
Lime Achieves Hardware Payback in Under One Year With Five-Year Lifespans
“When we deploy our hardware, we can pay back within the first year, and it lasts for more than five years from the 30 days I was describing before. So you have four more years of cash flow generation after you've paid back your hardware.”
Lime's System Only Generates Scooter Relocation Tasks If ROI Positive
“Every move task has to be ROI positive.”
Micromobility Will Replace Urban Personal Car Ownership Within 20 to 30 Years
“I believe micromobility is the future of urban transportation. That in 2030 years, we're going to be shocked that we had a system where each person owned a car and drove themselves in a 4005 thousand pound tank around the city.”
Lime Achieves an Over 90% Win Rate in Competitive City RFPs
“We have a greater than 90% win rate of competitive RFPs on a global basis, and we renew our permits at a greater than 95% rate.”
Lime Cut Battery Swapping Operational Costs in Half With Swappable Batteries
“I think our swapping costs were cut by half.”
Lime's Revenue Dropped 90% to 95% in Days at COVID-19's Onset
“Nobody builds a plan where your revenues fall 90, 95% in a matter of days, which is what happened in the early weeks of COVID.”
Lime's Cash Runway Shrank to Just 20 Days in Early 2020
“Suddenly what we thought was maybe six months of runway was like, 20 days of runway because all of our revenues went away.”
Lime Achieved Unlevered Free Cash Flow Positivity to Fund Internal Growth
“Last year was our first year getting to unlever free cash flow positive, so we were able to fund all of our capital expenditure and all of our growth from our internal profits”
San Diego Suffered Lime's Highest Vehicle Theft Rate Due to Gangs
“In the history of Lime, it was, it would probably be San Diego. We were seeing actually like gangs of people coming into San Diego and then stealing the bikes and scooters and driving into Mexico. So it was hard for us to like police and react to it.”
Lime Uses Machine Learning to Predict Trip Demand by the Half-Block
“We have a machine learning demand algorithm that predicts where we think trips are going to come from in all the cities we're in by the block, by the half block.”
Wayne Ting Intends to Spend the Next Five Years Leading Lime
“Even if I'm going to die in the next five years, I want to be spending the next five years working on Lyme's mission to decarbonize transportation.”