Shared e-bike provider Lime has announced a £20million investment in London as part of a five-point action plan.
The plan, which aims to improve parking, boost cycling safety, and encourage more people to cycle around the city, comes as demand for Lime’s e-bikes and e-scooters continues to rise, with over 16 million journeys taken by Londoners during peak commuting hours in 2024.
Lime’s new London Action Plan includes a £5million investment to create 2,500 additional e-bike parking spaces across the city, along with a 60% increase in its on-street team to help redistribute bikes and improve parking.
Lime CEO Wayne Ting said: “While demand has surged, infrastructure and our ability to ensure riders always have somewhere to park safely and considerately has not kept pace, leading to parking challenges.”
“We’re not stopping here. We will continue to collaborate with London boroughs, TfL, and the Mayor of London to make it not only more sustainable, but more accessible and inclusive too.”
The company is also introducing new technology to block poor parking in real time and committing £500,000 to fund safer riding programmes and improve cycling access for all Londoners.
Lime said these measures aim to address growing parking issues and ensure the service remains efficient and accessible for everyone.
Lime’s research shows 49% of Londoners aged 18-34 hire a rental e-bike at least once a week, and total Lime e-bike journeys in London increased by 85% annually last year.
Transport for London (TfL) has been working with e-bike operators like Lime to improve cycling infrastructure and support sustainable transport in the city.
In June 2021, TfL launched a coordinated e-scooter rental trial, partnering with several operators, including Lime, to ensure safety standards and consistent operation.
According to the Travel in London 2024 report published by TfL, daily cycle journeys in London reached an estimated 1.33 million in 2024, marking a 5% increase from 2023 and a 26% rise since 2019.
The report also highlights an 11.6% rise in cycling in central London between 2023 and 2024.
In 2023/24, TfL launched 20 new Cycleways routes, connecting more than 600,000 Londoners to the network.
The Mayor’s Transport Strategy aims for 80% of all journeys in London to be made by walking, cycling, and public transport by 2041.
Join the discussion