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Lime Launch E-Bikes in Sydney, Will It Fail?

Despite the relative failure of hire bikes in Sydney, US electric bike and scooter start-up Lime has announced its launch of a three-month pilot program at Monash University in Melbourne, Australia and electric bikes in Sydney.

Several hundred of its dockless electric bikes can be found throughout Sydney and Lime intends to introduce its electric scooters in Syndey and Brisbane in the coming months.

Lime representatives spoke to The Australian confirming that they are in talks with local authorities to roll out the new services, but no specifics were given.

However, they claim to have clocked up more than six million rides so far and have announced a collaborative partnership with Uber which will allow Uber users to use the app to locate Uber drivers and Lime bikes.

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Lime claim their bikes have a top speed of almost 24 km/h, which complies with NSW licensing regulations surrounding mopeds and electric bikes.

The company is also announcing that it’s clocked in 20 million rides just two months after it surpassed 10 million.

The startup has raised nearly half a billion dollars and is using those funds to rapidly expand across the globe, so rapid that Australian cities haven’t even been added to their website at the time of writing.

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Last week, it brought on David Richter as its first-ever chief business officer, followed by the appointment of GV general partner Joe Kraus as its COO.

Headquartered in San Francisco, the startup is backed by GV, Andreessen Horowitz, IVP, Section 32, GGV Capital and more.

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