Sign up to receive 5 free days of our daily summary for tech news.

Try The Information for just $10/month for your first 3 months.

Read this article for free.

Already a subscriber? Log in here

Cities

Big Test for VC-Fueled Bike-Share Startup LimeBike

In the race to build a U.S. bike-share business, LimeBike is pedaling faster than anyone else. The one-year-old startup is trying to raise tens of millions of dollars in new capital, on top of $62 million already raised, with extravagant statements about how fast it can grow.

One question is whether there is enough of a bike culture in the U.S. for LimeBike to fulfil the expectations it is creating. Another is whether local governments will make way for its potential growth spurt.

What Is The Information?

Notes bb3aa5069205d702dda37fc71dc6f1c59df2310c4379304e9f1199f052af4884

Exclusive Articles

We broke it first. Receive original reporting you won't read anywhere else from the largest newsroom in tech.

Notebook b5103017ee163370a1667c9ce59ab0ef023875a17888105d26c185cadf31bb69

Daily news analysis

Every weeknight, we'll send you our reporters’ views on the day’s top tech news—distilled into one email.

Conference calls c9e664e8b96ee347d3e92b8309938f268422b9db98cfabca5c826fbb75054b23

Conference calls

Get access to our reporters and other top executives with monthly deep-dive calls into topics like startups and autonomous vehicles.

Events 499acedd16cffc41445edd76bfd302b2836c2a27419890f17130a6b10e2aa3df

Special Events

For no extra fee, get access to more than a dozen events yearly, from intimate dinners to larger gatherings with marquee speakers.

What else is included in my subscription?

Become a contributor

Share your views and find other subscribers by completing your profile. You’ll be listed in our contributor directory.

Slack community

Discuss topics and current events with our subscriber-only Slack group and share news about your company with other subscribers.

Annual Subscriber only benefits:

Org Charts

Access the only collection of tech company org charts. Our expanding database includes companies like Amazon, Snap, and Uber.

Crypto Newsletter

Our experts investigate the latest in the crypto world to keep you in-the-know about the movements of digital currencies.

Stay up to date on Silicon Valley

Sign up for Jessica Lessin’s (The Information’s CEO & Founder) free Saturday newsletter and also receive a complimentary week of our daily afternoon tech commentary email.

Already a subscriber? Log in here

Recent Articles

Asia Venture Capital Startups

SoftBank in Talks to Invest in Alibaba-Backed Bike Sharing Startup Hellobike

By Yunan Zhang and Juro Osawa

Asia Venture Capital

The Incredible Rise and Fall of China’s Bike Firm Ofo

By Juro Osawa and Yunan Zhang

Cities Startups Uber/Lyft

Lyft’s Numbers Point to Potential $26 Billion IPO Valuation

By Amir Efrati and Cory Weinberg

Asia Cities Travel

Is China’s Bike Boom Over? Hellobike Says No

By Juro Osawa and Yunan Zhang

“We’re constantly talking to investors. As you know, it’s a capital-intensive business.”