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Lime unveils new ebike as part of $50 million investment to expand to more 25 cities

Lime said Monday it has allocated $50 million towards its bike-share operation, an investment that has been used to develop a new ebike and will fund its expansion this year to another 25 cities in North America, Europe, and Australia and New Zealand.  If the company hits its goal, Lime’s bike-share service will be operational in 50 cities globally by the end of 2021. The latest generation e-bike, known internally as 6.0, has...