Lime
Tagged in 1 story
Stories tagged Lime
Lime commits £886,857 to fund 586 e-bike parking bays across nine London boroughs
Lime has allocated £886,857 to nine London boroughs, including Greenwich, Lambeth and Hackney, to create or expand 586 shared e-bike parking bays in response to pavement crowding. The operator says it has now helped fund more than 3,400 parking bays across London as shared e-bikes account for one in 10 of the capital's 1 million daily cycling trips, according to Transport for London figures. Lime has also opened a fresh funding round for councils seeking to add more parking capacity.
Why it matters
The investment shows how operators are funding street infrastructure to support fleet growth, creating procurement opportunities for councils that need parking hardware and installation services. With shared e-bikes now representing 10% of London's daily cycling trips, the model may inform how other cities structure operator contributions to public realm works.