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According to Lime, a massive e-bike expansion will cost $50 million.

Lime is doubling down on shared electric bikes. The company is adding a new model of bike and doubling the number of cities in which it operates. The new model will come with a more powerful 350-watt motor and a swappable battery capable of up to 25 miles of range. Lime will keep its cherry-red Jump bikes in operation, with no plans to phase those out in favor of the new Lime-branded e-bikes. In total, the company plans to have its bikes in 50 new cities by the start of 2022, roughly quadrupling its fleet size.

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