Business

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
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  • 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).

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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.

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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).