LimeBike was founded in January of 2017 by Toby Sun, Brad Bao, & Adam Zhang. The first location chosen for these electric scooters was the University of North Carolina at Greensboro. The company operates a fleet of electric scooters and bicycles for rent in urban locations.
In July 2017, the company expanded into other states and cities including South Lake Tahoe, California, and South Bend, Indiana. Later that same month, the company put 500 bicycles on the streets of Seattle, Washington.
In May 2018, the company rebranded itself simply as Lime, although most people refer to the company as Lime Scooters.
In early 2018, the city of Coronado, California, impounded more than 100 Lime Bicycles, forcing the company to $9,300 to recover them.
In August 2018, the company signed up with Uber to provide Uber with electric bikes for their spin-off company, Uber Bike Service.
In May 2018, the company announced that they planned to deploy “transit pods” in 2019. Transit pods would be very small electric cars capable of holding no more than 2 persons.
The company has been widely criticized as their scooters and bikes are often dumped on sidewalks and other public spaces, creating a nuisance.
After talking to city officials, Lime dropped off 500 scooters in Virginia Beach on July 13, 2019. While city officials admitted that they had discussed a deal with Lime, they insist that nothing was firm and that they were just as surprised as residents to see the scooters.
Company headquarters were recently relocated to the building that Uber occupies in San Francisco, California.