Thursday, January 9, 2020

Lime Pulls Out Of San Antonio

E-scooter company Lime is retreating from San Antonio, Texas--as well as eleven other markets across the world--in what appears to be a major shift in the winds for the micro-mobility market startup world. Lime said that it is shutting down in "select communities throughout the world where micromobility has evolved more slowly" as it has "shifted our primary focus to profitability". Lime said that, in addition to San Antonio, it is retreating from Atlanta, Phoenix, and San Diego in the United States; Linz, Austria in Europe; and Bogotá, Buenos Aires, Montevideo, Lima, Puerto Vallarta, Rio de Janeiro and São Paulo in Latin America.