Lime leaves Latin America only six months after its arrival in the region

Lime was founded in 2017, in the United States, and started offering bicycle rentals

lime e-scooters — Lime e-scooters. Photo: Lime Facebook

09.Jan.2020 20:29 BRT
UPDATED 17.Feb.2020 14:44 BRT

In addition to cities in Latin America, the company will also leave four cities in the United States (Atlanta, Phoenix, San Diego and San Antonio), and Linz, Austria;
As a result of the downsizing, at least 100 employees must be laid off (or 14% of the company staff).

Scooter rental company Lime is leaving Latin America just six months after landing in the region. The American micromobility company was operating in the cities of Sao Paulo and Rio de Janeiro (Brazil), Bogota (Colombia), Buenos Aires (Argentina), Montevideo (Uruguay), Lima (Peru) and Puerto Vallarta (Mexico).

ALSO READ: Uber launches its scooter-sharing service in Brazil

The downsizing of Lime’s operations in the region is the result of a quest for “financial sustainability”, Lime said in a statement sent to the Brazilian news agency O Globo.

Lime was founded in 2017, in the United States, and started offering bicycle rentals.

ALSO READ: Mobility startups main goal in 2020 is to expand its services in Brazil

In addition to cities in Latin America, the company will also leave four cities in the United States (Atlanta, Phoenix, San Diego and San Antonio), and Linz, Austria.

As a result of the downsizing, at least 100 employees must be laid off (or 14% of the company staff).