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Lime Scooter Startup Sees Its First Cash-Flow Positive Quarter

Nov. 19, 2020, 6:56 PM

Electric scooter-rental startup Lime said it reached a measure of profitability over the summer, the first time in its almost four-year history, suggesting a sign of sustainability for new-mobility companies.

San Francisco-based Lime, whose official company name is Neutron Holdings Inc., said it was cash-flow positive in a recent three-month period and reported earnings before interest and taxes in August. The company, which also offers electric bikes, is on track to be profitable for the full year in 2021, according to a statement Thursday, although it didn’t say on what basis.

Lime and rival startups like Bird Rides Inc. ...