Lime reports doubling profits amid surge in UK ridership

Lime Technologies, the UK arm of the micro-mobility company Lime, reported that annual profits more than doubled to £4.7 million in 2025, up from £1.7 million the previous year. This growth was driven by a 31% increase in average monthly users, which reached nearly 700,000.

To support this surge, the company expanded its fleet by over 4,500 ebikes and scooters, bringing the total to approximately 38,000 units. Sales also rose by one-third to £148 million. This expansion follows the company's entry into cities such as Oxford and Nottingham, adding to its existing presence in London, Milton Keynes, and Salford.

Despite the significant increase in revenue and users, Lime's UK workforce grew modestly from 39 to 54 employees in 2025, as the business model relies heavily on self-employed contractors for servicing and redistribution. Lime is part-owned by Uber and its parent company, Neutron Holdings, was valued at $1.7 billion upon its Nasdaq listing last year.