Wayne Ting

Wayne Ting, CEO @Lime: From Losing $3 on Every $1 to $90M in EBITDA | E1252

Wayne Ting, Dara Khosrowshahi, Harry Stebbings

Under CEO Wayne Hu, Lime reversed a near-insolvent position through proprietary hardware design and rigorous operational efficiency, growing from a 30-day scooter lifespan to a 30% top-line CAGR with $90 million in EBITDA. The company distinguishes itself by securing over 90% of government contracts via data-driven reliability and achieving positive unit economics without relying on external capital. With a five-year hardware lifespan and recent free cash flow positivity, Lime has established a durable market moat while positioning itself for a future IPO amidst its broader goal of displacing short-distance private car travel.