Home / Tech News / Lime hires its first chief business officer amid push into car-sharing

Lime hires its first chief business officer amid push into car-sharing


After 4 months “on the seashore,” per his LinkedIn profile, Uber’s former international head of enterprise and company growth has a brand new gig. Lime has employed David Richter (pictured) as its first-ever chief enterprise officer and interim chief monetary officer.

Primarily based in San Francisco, Richter will probably be overseeing the bike- and e-scooter-sharing startup’s enterprise operations. Richter spent greater than 4 years at Uber main the ride-hailing large’s international enterprise growth, company growth, experiential advertising and marketing, autonomous car alliances and model relevance groups. He left in Could after expressing frustrations with a sequence of exits in his group, based on The Information.

“As Lime continues to develop, David will herald unparalleled experience, notably within the realm of enterprise growth and company partnerships, in addition to in managing our total enterprise technique and deal circulate,” Lime co-founder and chief government officer Toby Solar stated in an announcement. “His management expertise, coupled together with his eager understanding of the fast-moving shared mobility trade will probably be an enormous benefit to our firm as we proceed to broaden our international footprint.”

Lime is said to be finishing the fundraising circuit proper now, asking buyers for a valuation north of $3 billion. The corporate, which entered the unicorn membership in June, has raised a complete of $467 million thus far from GV, Andreessen Horowitz, IVP, Part 32, GGV Capital and extra.

The corporate is utilizing the buckets of capital to broaden past bikes and scooters. Final Monday, rumors emerged that it was planning a brick-and-mortar push. The corporate confirmed that it might certainly construct scooter “lifestyle stores” in main U.S. and worldwide markets, beginning with Santa Monica, Calif.

The subsequent day on stage on the JD Energy Automotive Roundtable, Lime introduced its official foray into car-sharing. The corporate has since applied for a car-sharing allow in Seattle and plans to hire out small electrical autos, which it’s calling “transit pods,” by the tip of the yr.

In keeping with Axios, Lime plans to spend $50 million on the pods, which is able to price $1 for customers to start out, plus a further 40 cents per minute.

“You may anticipate electrical autos to be a further micro-mobility choice for Lime riders to select from throughout the Lime app quickly,” a spokesperson for Lime stated in an announcement supplied to TechCrunch. “Extra particulars on timing, specs of the car, areas for the primary rollout, and so forth. will probably be introduced within the coming weeks.”

Lime launched in 2017 and has since recorded 11.5 million scooter and bike rides.



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