Uber’s 24% – Uber, Lime’s largest shareholder, stands to gain roughly $350 million if Lime prices its IPO at $25 a share. Lime filed its S-1 on Monday, with Uber owning about 14 million shares—about a 24% stake—while Lime says trips via Uber’s app make up about 14% of its
On Monday, Lime filed paperwork for an initial public offering—and Uber’s payday depends on more than just market appetite. The ride-hailing giant is already the biggest shareholder in Lime, and its stake is large enough to materially change the economics of the scooter bet.
Lime said in its S-1 that Uber owns about 14 million shares, representing a 24% stake ahead of the IPO. If Lime prices its offering at $25 a share—the midpoint of the $24 to $26 target range outlined in the filing—Uber’s stake would be worth about $350 million.
Lime also disclosed that Uber has shown interest in buying additional Lime common stock as part of the IPO. The S-1 says Uber could purchase up to $20 million in extra shares through the offering.
How much Uber ultimately makes is still open. Lime and Uber have not publicly shared how much Uber has invested in Lime over the years. and Lime could revise its planned IPO price per share before it goes public. There’s also a less visible constraint: under the IPO terms. Uber faces restrictions on how many shares of Lime stock it can sell over the next two years. shaping how quickly—and how much—Uber can cash out.
The business relationship between the companies runs beyond a paper stake. Many Lime customers find a scooter or bike to ride through Uber’s app. and Lime reported that those trips accounted for about 14% of Lime’s revenue in 2025. according to the prospectus. In its filing. Lime said it gains from tapping Uber’s existing infrastructure and rider network. describing it as a way to drive awareness without upfront marketing costs.
Lime’s description of the partnership reads like a blueprint for the wider ride-tech economy: existing platforms funnel users into new mobility services. Uber has already pursued that kind of role across other emerging technologies. including partnerships with around a dozen self-driving car providers over the past few years—from Waymo in the US to Baidu in Asia and the Middle East. Uber can match those robotaxi services with riders. Uber CEO Dara Khosrowshahi said. and he previously discussed the potential of an “aggregator model” with “Stratechery. ” saying it could help those companies succeed.
The corporate ties between Lime and Uber run even deeper. Wayne Ting, Lime’s CEO, previously served as chief of staff to Uber CEO Dara Khosrowshahi. Uber also invested in Lime’s fundraising rounds, including leading a $170 million round announced in May 2020.
Uber did not respond to a request for comment.
For now, Lime’s IPO filing sets the stage: Uber’s exposure is already substantial, its potential extra buying is clearly stated, and the deal’s outcome will hinge on pricing, share-sale restrictions, and how the broader market values the scooter model at launch.
Uber Lime IPO scooters scooter rental S-1 initial public offering Dara Khosrowshahi Wayne Ting self-driving car partnerships
So Uber gets 350 million? That’s wild.
I don’t get it, Lime is doing an IPO but Uber’s like buying more too… so basically Uber owns it twice? Also $25 a share sounds like they’ll just pick the number and everyone claps.
Wait, the article says Uber can only sell so many shares for two years, but then it says Uber can cash out. That’s contradictory, unless it’s like cash-out meaning “eventually”… idk. Scooter apps are always broken anyway, so not surprised.
Uber riding on Lime’s scooters makes sense I guess, like those rides are ‘14% of revenue’ so they’re basically getting a cut. But $350 million off one IPO is crazy… I’m wondering if Lime’s stock will tank immediately because everyone hates scooters and then Uber is stuck holding? Also why can’t they just say how much Uber already put in? Feels like classic numbers game.