Tool Create startup animated videos in minutes, not in hours! 

Lime touts a 2020 turnaround and 2021 profitability – TechCrunch

Micromobility company Lime says it has moved beyond the financial hardship caused by the COVID-19 pandemic, reaching a milestone that seemed unthinkable earlier this year. Lime also claims that it “reached EBIT positive at the company level over the summer.” The specifics of the phrase “EBIT positive” are important. The scooter company wouldn’t give TechCrunch much information about what these third and fourth modes will be. Lime has long discussed reaching profitability. By November of 2019, Lime was talking about reaching EBIT positivity in 2020.

Startup Around is now on Telegram and Whatsapp. For the best startup stories & resources, subscribe us on Telegram & Whatsapp.
Get the best stories from Startup Around on Telegram