Lime launches its new electric bikes in Washington, DC as part of $50 million blitz
Lime’s next-generation electric bikes are finally making their North American debut. Nearly a year after announcing its plans to spend $50 million on a major e-bike expansion, the San Francisco-based micromobility company says it will deploy the first wave of new bikes in Washington, DC, starting this week.
Lime says the new bikes are significantly improved over the ones currently in service, which the company inherited from Jump after acquiring the bike-share company from Uber in 2020. The $50 million investment will largely go toward designing, manufacturing, and assembling its next-generation bike, which start rolling out this year. The new model comes with a more powerful 350-watt motor and a swappable battery capable of up to 25…