The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch cover image

20VC: Lime's CEO on Going from Losing $3 on Every $1 to $90M in EBITDA | How Lime Built the Global Leader in Micromobility When Competitors Went Bust | Losing 90% of Revenues in COVID and The Uber Deal That Saved the Company with Wayne Ting

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

CHAPTER

Navigating Micromobility: Challenges and Strategies

This chapter explores Lime's expansion into the scooter market in 2018, focusing on financial challenges and the importance of data-driven decision-making. It discusses critical demand and cost metrics essential for operational success, alongside personal insights into warehouse management and leadership styles. The chapter also examines the relationship between operational efficiency, consumer experience, and market dynamics in the burgeoning micromobility industry.

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