Lime Technologies, the UK arm of the bike-sharing company, reported significantly improved financial performance in its latest filings with Companies House. Annual sales increased by approximately one-third to £148m during 2025, while profits more than doubled to £4.7m compared to £1.7m the previous year. The company’s average monthly user base climbed 31% to approach 700,000 riders, supported by the addition of over 4,500 ebikes and scooters to bring the total fleet to nearly 38,000 units.
The expansion was fueled by Lime’s geographic growth across England, with new operations launched in Oxford in 2024 and Nottingham in 2023, complementing existing services in London, Milton Keynes and Salford. Despite the revenue surge, the company maintained a lean workforce of 54 employees in 2025, up from 39 the year prior, relying substantially on self-employed contractors for maintenance and fleet management. Lime’s parent company, Neutron Holdings, went public on the Nasdaq stock exchange the previous year at a valuation of $1.7bn, with partial ownership held by ride-hailing platform Uber.
The company operates in approximately 230 cities across 29 countries globally since its 2017 founding in San Francisco. In England, recent legislative changes have expanded local authority powers to license rental ebike operators and establish standards for parking, safety and accessibility. Industry estimates suggest dockless ebikes account for roughly one in ten daily cycling trips in London.
However, growth has been accompanied by safety and infrastructure concerns. Rented ebikes reportedly caused nearly one-third of cyclist-pedestrian collisions requiring police intervention, while users have reported injuries from defective units and incidents involving bike weight. Lime has introduced a redesigned ebike model with repositioned batteries and now operates over 1,500 of these units in England. The company stated that more than 99.99% of its London trips concluded without reported incidents. Separately, disability advocates have raised concerns about pavement obstruction, and London boroughs have seized approximately 3,000 ebikes this year, including around 2,000 Lime units.
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