Expect to see even more Lime scooters and bikes zooming around major US cities.
Wayne Ting, Lime’s CEO, told Business Insider on Tuesday that the company is focused on getting more of its vehicles on the roads where it already operates rather than making a big push to expand to more cities.
Ting made the comments on the same day that Lime reported quarterly earnings results for the first time. Revenue grew 24% to $304 million for the second quarter, and the company posted net income of $295 million, including the benefits of its IPO in July.
Shares of Lime rose about 2% in after-hours trading.
Getting riders to use Lime more frequently will be…
