Evs and Transportation on Cowlpane

The electric scooter rental company Lime has filed for IPO

Sat, 09 May 2026 19:33:38 +0000

Originally published by Engadget

EVs and Transportation

Lime, the micromobility company known for its electric scooters and bicycles which aredumped across city streets, has filed for an initial public offering. The rental startup, which is officially known as Neutron Holdings, filed with the Securities and Exchange Commission on Friday, afterteasing ambitionsof going public back in 2021.

The company that offers short-term rentals for its bright green scooters and bicycles was founded in 2017 and quickly won backing from major companies likeUber. In the SEC filing, Lime reported that it earned $521 million in revenue in 2023, growing to $686.6 million in 2024 and $886.7 million in 2025. As of the end of last year, Lime reported operating in approximately 230 cities across 29 countries. The company’s CEO, Wayne Ting, even noted that Lime had surpassed one billion trips in 2025 in the letter from the CEO accompanying the IPO filing.

Porsche is discontinuing its performance e-bike division

Sat, 09 May 2026 18:12:10 +0000

Originally published by Engadget

EVs and Transportation

Porsche is hitting the brakes on its electric bicycle subsidiary called Porsche eBike Performance GmbH. The German automaker launched itse-bike offshootin August 2022 with plans to develop components like motors and batteries. After nearly four years of operation, Porsche decided to discontinue the subsidiary and will close the company’s factories in Ottobrunn, Germany and Zagreb, Croatia, putting around 350 employees out of work.

Porsche said in a press release that the e-bike division was created to make “high-performance e-bike drive systems and market them worldwide,” but added that market conditions have changed. Porsche eBike Performance created several e-bikes during its short run, including the Porsche eBike Sport for road rides and the Porsche eBike Cross for off-road adventures. TheeBike Sporteven made it to its fifth generation, despite the $10,920 starting price tag.