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LimeBike’s Expansion Shows How Bike-Share Wars Are Escalating

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THE BIKE-SHARING WARS have escalated. What started as healthy competition between two powerful, well-funded Chinese companies and a handful of scrappy American upstarts has intensified into a trash-talking land grab involving electric scooters, electric bikes, and plenty of Silicon Valley-style ambition.

In October, LimeBike the favored competitor of Silicon Valley venture firms Andreessen Horowitz and Coatue Management, raised $50 million in funding. At the time it was in 20 markets around the country, with aggressive plans to expand into 20 more…

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