LIME announces a $ 25 million action plan to help repair the e -bike chaos in London

In November, Transport for London (TFL) announced new steps to regulate electronic bicycles, but the lack of legislation or authority means that most of the responsibility fell to electronic bicycle services to do the right thing. Now, Wayne Ting, Lim CEO, has announced the London Plan of 20 million pounds ($ 24.8 million) to help overcrowding and poor car parks, Multiple publications Report, including UKTN.

“The comments we received from London, community groups and elected officials are the reason for launching our action plan in London,” Ting said. “We are aware of the need for useful investments to accelerate change and improve parking lots, starting with more funding for custom cycling parking, additional operational capacity and operations.”

The investment, which amounted to 5 million pounds (6.2 million dollars), will create an additional 2,500 parking spaces in electronic bicycles. Part of the plan will also include the expansion of the LIME team in the street to 400 people and aims to transport or collect about 4000 bikes per day. In addition, Lime intends to use an improved AI to confirm the appropriate parking lots at the end of the flight photos.

The business plan responds directly to the TFL statement at the end of last year. “The new policy determines that TFL will consider taking measures against operators who allow their bicycles parked outside the places specified on the red roads and on TFL land, which include areas such as station stations and bus deposits,” The organization said. “The operators ultimately bear the responsibility to ensure the spread of their bicycles and bikes appropriately.”

As a person who lives in London, I can witness certainty that lime bicycles are spread everywhere throughout the city. Lyme claims that 49 percent from 18 to 34 years in London are renting an electronic week. The company also states that 2024 witnessed an 85 percent increase on annual flights.