Uber-backed e-bike startup Lime planning global expansion

The logo of Uber is seen at a temporary showroom at the Promenade road during the World Economic Forum (WEF) 2023, in the Alpine resort of Davos, Switzerland, January 20, 2023. REUTERS/Arnd Wiegmann/File Photo

SAN FRANCISCO: Lime, the operator of a shared electric bike (e-bike) and scooter network backed by Uber Technologies Inc, is planning to invest more than US$55mil this year to expand its global fleet.

The company will add more than 30,000 new bikes across North America, Europe and Australia while also replacing aging ones, chief executive officer Wayne Ting said in an interview.