Lime Reports 1 Million Rides in London

Lime’s “Lime-E” pedelec bikeshare system in London has hit one million rides since launch, 11 months ago – an average of just over 3000 rides per day.

I estimate that Lime currently has around 1500 bikes on the road, up slightly from 1400 in February and 1000 shortly after launch. So, averaging 1300 bikes across 330 days we have a good average utilisation rate of 2.3 trips per bike per day (t/b/d). This compares quite well with around 2.5 for JUMP, the rival dockless pedelec system, and around 3 for Santander Cycles, London’s preeminent public system. (JUMP’s estimate is just for the more popular summer period as they launched this May, while Lime and Santander Cycles both include the tougher winter period – so I would expect JUMP and Lime to end up with around the same year-averaged t/b/d rate after this winter).

Lime also report 2 million km for the 1 million journeys, so an average distance of 2km. This is slightly more than the typical 1.6km journey we see for unpowered systems, although slightly less than the typical 3km journey I would expect for powered systems – perhaps due to constraints in where the bikes are available (although Lime does have the best coverage in London – even after their winter reduction) or the high cost of each journey – Lime is far and away the most expensive of the six central London systems – only Bird’s scooters in the Olympic Park are more, and those are targeted at tourists anyway, so less of an issue.

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