16min chapter

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 Operational Challenges in Micromobility

This chapter explores advancements in micromobility technology, focusing on the introduction of Gen 4 models and swappable batteries that enhance operational efficiency and reduce maintenance costs. It addresses the competitive landscape and strategic decisions made during the COVID-19 pandemic, including layoffs and partnerships that emphasized adaptability. The discussion also highlights the importance of effective communication and operational strategies in overcoming challenges and positioning the company for growth.

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