NEWS COMMENTARY

Lime achieves profitability

Published:
December 04, 2020
Last Updated:
December 04, 2020
Services:
Chemicals More...
Priorities:
Achieving Sustainability More...
Activities:
Other financial
by Chad Goldberg
Very important

The scooter giant recently announced it had become the first micromobility company to become cash flow positive for a full quarter, signaling a key milestone for one of the early scooter pioneers and the industry as a whole. Lux sees the news as a validation that these new mobility solutions are in fact here to stay, a concern long held by skeptics and supporters alike. While the new financial stability will likely not alter current business models or strategies significantly, it will allow for easier reinvestment and further focus on optimizing the company's next-generation scooter, the Gen4, which boasts key features like a swappable battery, enhanced suspension, and tougher aluminum frame that intends to extend operating life. 

For the original news article, click here .


Further Reading

Sequoia's new fund structure is good deal for investors; impact for entrepreneurs or corporate innovators is TBD – but likely not large

News Commentary | October 26, 2021

Famed venture firm Sequoia Capital is reorganizing to have one open‑ended parent "Sequoia Fund" over a variety of subfunds, some of which will remain typical closed‑ended venture funds while others invest in public markets or assets like crypto or pursue new models like registered investment ... To read more, click here.

Investment trends: Automated trucks

Research Brief | February 04, 2022

As we highlighted in our technology landscape, commercial trucking is a promising early implementation area of automated driving technology. This is because of the relative ease of operating on highways compared with urban areas, successful implementations in closed settings like warehouses, and the... Not part of subscription

Electric Vehicles

Tech Hub | February 23, 2022

Vehicles powered by electric motors instead of combustion engines, sourcing electricity from fuel cells, batteries, or other energy storage devices. Not part of subscription