Micromobility firm Lime is spending $50 million to expand and enhance its e-bike network.

Lime started its journey with e-bikes – in fact, it even used to be called LimeBike – but has since become known for its iconic e-scooters where it’s put most of its effort in recent years. Now, the company is returning to where it started.

The $50 million investment in Lime’s shared electric bicycle network will add a new model of bike, double the number of the green (quite...