San Francisco based micro mobility company Lime has announced a $50m plan to expand into 25 new cities globally in 2021 and has released details of the roll out its next generation ebike.
The expansion will cover North America, Europe, Australia and New Zealand which should see the company active in 50 cities globally by the end of 2021.
The company has also developed its latest generation e-bike, known internally as 6.0, which has a swappable battery that is interchangeable with Lime’s newest scooter.
Additional upgrades include increased motor power, a phone holder, a new handlebar display, an electric lock and an automatic two-speed transmission.
The new bikes are expected to launch and scale this summer. Deployment had originally been planned for 2020 but the rollout was delayed.
Lime’s investment in its ebike operation comes a month after it announced plans to add electric mopeds to its micro mobility platform.