Lime is planning a 25m expansion in London, aiming to extend their cycle hire services to three additional boroughs and establish a new warehouse in north London solely for e-bike rentals.
As part of their London expansion, Lime will dedicate 1m towards creating designated parking areas to safely park their e-bikes, aligning with the need for secure e-scooter deposition highlighted after the Paris ban.
Wayne Ting, Lime's chief executive, expressed the company's growth trajectory for 2024 with plans to introduce new vehicle options and expand to new cities, following a successful year.
Labour criticized the UK Government for failing to regulate electric-powered bikes and scooters adequately, highlighting concerns over public safety and the need for proper governance in this transport sector.
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