In financial squeeze, e-scooter company Lime will exit Arizona, 11 other markets

Posted at 3:23 PM, Jan 09, 2020
and last updated 2020-01-09 17:23:45-05

PHOENIX — Only a few months after it began a trial run for its electric scooters in downtown Phoenix, Lime is pulling out of Arizona — and 11 other markets around the globe — as the financially strapped company looks to reach profitability.

Besides pulling its scooters out of Phoenix and Scottsdale, the San Francisco-based scooter company is exiting Atlanta, San Diego and San Antonio as well as eight international markets in Linz, Bogota, Buenos Aires, Montevideo, Lima, Rio de Janerio, Sao Paulo and Puerto Vallarta. The story was first reported by Axios.

In an email response to the Business Journal, a Lime spokesperson sent out the following statement:

“As part of our path to profitability, Lime has made the difficult decision to exit Arizona and focus our resources on markets that allow us to meet our ambitious goals for 2020. We’re grateful to our team members, riders, Juicers and communities who supported us throughout this journey. We appreciate our partnerships in Arizona and remain hopeful we can reintroduce Lime back into the community when the time is right.”

Click here for the full story from the Phoenix Business Journal.