Share bike and scooter operator Lime has revealed Australia is one of its most profitable markets as other so-called micromobility companies go broke or strike mergers to stay afloat.

In Australia, the first generation of non-electric bike schemes including Mobike and oBike, failed. One of the industry’s pioneers, Bird, began operating here in late 2022, went on to buy rival Spin in September 2023, and declared bankruptcy in December. And Tier, a European share bike operator, merged with Dott.