Lime Names Uber as Anchor Investor for $200M IPO

Lime intends to name Uber an anchor investor in its upcoming IPO to gain credibility among investors. The company, formally known as Neutron Holdings Inc., filed its S-1 with the SEC on May 8, 2026, aiming for proceeds of $200 million and a valuation of $1.8 billion.

Uber holds over 10% of Lime, stemming from a $170 million funding round in 2020. The partnership is significant as Uber’s app contributes approximately 14.3% of Lime’s revenue. Including Uber as an anchor investor in the IPO signals the latter’s confidence and support.

In 2025, Lime generated $886.7 million, up 29% from the previous year, although it recorded a net loss of $59.3 million. The company grapples with $1 billion in current liabilities, with $675.8 million due by 2026.

For investors, this partnership offers both advantages and risks. While it boosts revenue stability, reliance on a single major partner poses threats if Uber alters its strategy. The planned use of IPO funds will also be crucial-prioritizing debt repayment over growth could reshape investor confidence and expectations.