Lime Technologies has reported a significant financial turnaround in the UK, with annual profits more than doubling to £4.7 million in 2025, up from £1.7 million the previous year. The company’s revenue climbed by one-third to £148 million during the same period. This growth was driven by a 31% increase in monthly ridership, which reached nearly 700,000 active users as the firm expanded its fleet to approximately 38,000 vehicles. Love them or hate them, Lime ebikes are an increasingly common sight on England’s roads with new figures showing annual profits more than doubling thanks to a surge in riders. According to lime’s average number of monthly users jumped 31% to approaching 700,000 as it added more than 4,500 ebikes and scooters to its fleet, taking the total to almost 38,000, the company’s UK arm, Lime Technologies,, In accounts filed at Companies House. According to sales rose by a third to £148m in 2025 and profits more than doubled to £4.7m from £1.7m, as first, By the Sunday Times.
The expansion strategy included entering new markets like Nottingham in 2023 and Oxford in 2024, building on its established presence in London, Salford, and Milton Keynes. Despite this rapid scaling, the company’s internal headcount remained lean, with only 54 employees in 2025 compared to 39 in 2024, as the firm continues to rely on a network of self-employed contractors for maintenance and fleet redistribution.
Lime is part-owned by Uber and sits under the parent company Neutron Holdings, which launched on the Nasdaq last year with a valuation of $1.7 billion. While the service has gained popularity with high-profile users, providing about 10% of the 1.5 million daily cycle journeys in London, its growth has been accompanied by mounting public and regulatory friction. The company, whose parent, Neutron Holdings, listed on the Nasdaq stock exchange last year valued at $1.7bn (£1.3bn), is part-owned by US ride-hailing app Uber. Lime was founded in 2017 in San Francisco, California, and now operates in about 230 cities across 29 countries, mostly in Europe.
Safety concerns remain a critical issue. Reports indicate that rented ebikes were involved in nearly a third of police-recorded collisions between cyclists and pedestrians. Furthermore, users have faced injuries from defective hardware, including fractures caused by the weight of falling bikes—an issue colloquially referred to as “Lime bike leg.” In response, the company has deployed over 1,500 updated models in England, which feature redesigned battery placements.
Lime maintains that its operations are safe, asserting that more than 99.99% of its London trips concluded without any reported incidents. Meanwhile, the company continues to engage with various UK municipalities regarding future operations, bolstered by the English devolution bill passed in April. This legislation grants local authorities increased powers to regulate e-bike operators, specifically addressing safety, parking, and accessibility.
The issue of dockless bike clutter has also led to aggressive enforcement, with London boroughs seizing at least 3,000 rental bikes this year alone, 2,000 of which belonged to Lime. Charities for the blind and individuals with limited mobility have expressed ongoing concern that parked ebikes frequently obstruct pavements and complicate urban navigation.
