The scooter wars is perhaps over, as Lime claims victory

Lime and Tier scooter facing each other
Photograph by Omar Havana / Getty Pictures

The shared electrical scooter enterprise has gone via a collection of ups and downs over the previous couple of years — largely downs, if we’re being trustworthy — however now, one firm is able to declare the mantle of victor.

Lime launched a brand new set of monetary figures that it says proves that final 12 months’s slim earnings have been no fluke. The corporate reported gross bookings of $250 million within the first half of the 12 months, a 45 p.c enhance over the identical interval final 12 months. And it’s touting an adjusted EBITDA profitability of $27 million — the primary time the corporate has achieved this for the primary half of the 12 months and a 45 p.c margin enhance over final 12 months — and an unadjusted $20.6 million profitability.

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